Ann: Quarterly Activities Report, page-32

Anyone notice under Corporate on page 4

"During the December quarter, an entity associated with Octagonal Resources Pty Ltd assisted in financing the Company by providing additional funding to support the Company"

An entity can be a person so is it just CTL's way of disguising the fact that Anthony Grey who is associated with Octagonal is now a note holder.

IMHO

That would complete the picture and is now highly suspicious as everyone who has any control over management and expenditure of this company now holds SECURED notes over the assets.

This is a disgrace as Anthony Grey and Ian Gandel ran Octagonal when it was a public company and owned UNION HILL and lost money and surprise, surprise CTL are now losing money mining UNION HILL. History repeats itself and where is ASIC?

CTL's Directors are breaching so many rules yet seem to do so with impunity...it is like ASIC have given them an assurance that they can do what they like.

ASIC are so useless that they are complicit in this!!!