CAH 0.00% $1.71 catalpa resources limited

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  1. 707 Posts.
    DEWE

    Citigold have had enormous problems here ( Charters Towers)due to the way gold is in the rock. Lots of gold, too high a price to mine. However the CQT mine maybe different rock geology.

    My concern with this merger is CQT is too much a gunnabe and investors don't like long term over two years to come to full production and then have to pay off debt first.
    The risk is sp stagnation as no dividends to offset lost interest if money was in a bank.
 
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