kerrly18 Jun 2010 10:09
I agree with you, I think the better option will be to leave the remaining shares in individual shareholders and the existing directiors of CAG..
This part of their statement clearly shows that they are commited to develop these assets asap.
"The Company intends to seek representation on and control of the CAG Board of Directors in due course. Once this has been achieved, the Company will commence a strategic review of all aspects of CAG's assets and operations, including reserves/resources, operations, management, control structures and systems, listing status, capital structure and future capital requirements. In particular, the Company is evaluating CAG's short-term and long-term working capital requirements to fund the development and operations of CAG's gold mining assets, which the Company contemplates, will be addressed through a combination of internally generated funds and new debt and/or equity"