CTO 20.0% 0.4¢ citigold corporation limited

why the dip, page-5

  1. 436 Posts.
    why the dip no news. Why dip?

    There was no new news at the AGM other than the pour on Friday, the rest is already known by share holders. simple. nothing new we don't know about at this stage that hasn't already been posted.

    Even the JV has been left in the air. LYNCH said that in time well know why the wait indicating something perhaps on the cards, but MARTIN (secretary) indicated that you can't borrow 35 million from a bank without an income when challegened about not using debt to leverage more profits.

    They also had a speaker on the gold market and the US ecomony & debt in particular, perhaps indicating they are in no screaming rush to rip all the gold out of the ground tommorow as the price will increase anyway, steady as she goes.

    The company have achieved a lot and there are those that will always want more but for mine the company is progressing steadily and things in the medium term are quite strong.

    Apologies as this post is quite rushed but I do concur with Auag coments at this stage on meeting hope my 2 cents helps for now.


    Cheers.
 
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