The info contained in their annual reports, quarterly reports etc, indicate that there is serious gold deposits in the ground...surely this is fact? Am I correct? If this is correct and CTO has strong gold reserves why is it that others have not invested in this company to get the gold out? I do not understand as to why the directors of CTO would decline any good offer which may have come up their way before.
If Mark Lynch was to be replaced do you think it would be for the better or worse? Who founded CTO? Was it Mark or someone else?
I just don't understand the logic behind all this. People say Mark is intentionally delaying progress of CTO because he's on high annual salary (some $600k pa), I agree that this is a very high package to pay for an nonperforming company, but surely it would be to Mark's benefit to get the gold out of the ground? Mark and the other top 20 shareholders will make a "killing" from it. So, what's the reason for holding back? Exactly, what is it that they are waiting for? What's in the foresight of the directors???
CTO Price at posting:
0.5¢ Sentiment: Hold Disclosure: Held
