CTO 0.00% 0.5¢ citigold corporation limited

Ann: Becoming a substantial holder , page-6

  1. gmt
    8,011 Posts.
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    Vince12
    Nothing is always as it appears, I was half expecting the $15mill due in October to be paid but in line with many of the past schedules provided by the company it did not happen. There is another $15mill due early January which clearly will not be paid on schedule. Perhaps the quarterly due the end of January may give some insight but in reality I very much doubt it. I now consider my investment / punt on this company as nothing more than a tax deductible donation to an unworthy cause. The next quarterly financials will make interesting reading given we were advised there would be no gold production.

    Door my thoughts and rambling a only
 
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