Is This Deceptive and Misleading Conduct Again, page-193

IMHO

INHERENT RISKS OF MINING

Australia has an abundance of minerals and resources but the small caps mining sector is so corrupt that it cannot be considered by many investors. Other countries do not have this problem to such an extent as Australia, because they underwent reform after the GFC.

Directors blame the INHERENT problems of mining and that is the reason the company goes bankrupt but as we can see here, the mining problems that CTL are having, involve UNION HILL and the reason that CTL have lost so much money even with a high gold price. However UNION HILL was previously owned by Octagonal Resources  when it was a public company 

The Chairman of Octagonal was Ian Gandel and the CEO was Anthony Gray and coincidentally they are both now involved with CTL. Ian Gandel is now the major shareholder and Anthony Gray is a Director who represents Gandel's interests and is not independent by definition because he puts Gandel's interests before that of other shareholders.

When CTL goes bankrupt they will say that it is due to the INHERENT risks of mining but can you use that excuse TWICE when it is the SAME MINE and the SAME OPERATORS