Very small pond to judge a poll from. The thing is, no other options really.
Not only money problems, but relisting on ASX plus getting a new appropriate board. Lot of work to do here for them.
The easiest way out would have been calling in the administrators and walking away. Likely all would have lost jobs and everything flogged off for peanuts.... that is the reality of the situation. Now Gandel knows people and knows mining. He also knows what losing money is. He knows what has to be done here, heck, we all do!
Drill out to find the right grades to mine, do not mine low grade ore that costs you money, scrap the waste or leave it in situ.
Tight financial controls. Having the balls to dead wood the place and reward the right people. Keep overheads down, profit is sanity!
CTL Price at posting:
0.9¢ Sentiment: None Disclosure: Held