GREY:GMFLF - Post by User
Comment by
gonefishing2on Dec 03, 2006 5:08pm
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Post# 11796328
RE: Argyll, under note 4. eom.
RE: Argyll, under note 4. eom."Does anyone know how or why CTG acquired these? ie UUL and Maghreb"
Answer: They did not acquire these securities in a purchase sense. They spunoff the other properties into other companies.......and then received shares in return....as to whether CTG would be better off owning these 100% full....they would have but they needed cash to finance their salaries and company overhead as the mining delays took too long....