BMO couldn't meet debt commitments and I don't believe they had done anywhere near the extent of drilling as done by CTO.
As far as I know CTO are not presently in debt.
One of the reasons for the current share price of CTO, as with MCO, is simply because of the skepticism in the market given the likes of BMO, MON, Gleneagle, CRS ect.
Brighter times ahead once they can prove to the market otherwise. Especially since investors have been patiently waiting for another succussful Gold play to invest into.
You only have to look at the likes of DOM to see what happens to the share price once they prove to the market they can continue as a going concern in this environment.
All the best and lets hope for many happy returns.
CTO Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
