Yeah, my thoughts are that all junior gold stocks are not safe havens until thoroughly demonstrated as profitable, dividend paying producers, in a context of stable and higher gold prices than at present. If you want to suggest a safe haven, try gold or silver bullion, not junior miners.
With Citigold we are invested, or trading, in a company that is not yet profitable and will need to show that it is at least selling gold for more than its mining costs in the September Qtrly. Also it needs to show soon that it can fund its costs over and above its mine operating costs. Until then Citigold is not a safe haven from anything.
I have been buying some more gold juniors lately, and even today, but I have not been buying Citigold. If I do, I'll say it on this board, but until then there are safer, and possibly better, prospects than Citigold.
I am responsible for quite a large holding in Citigold (for me) across an individual and family account.
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