will cto get whipped today?, page-8

The question of course that needs to be asked is how was it possible for CTO's previously bullish production forecasts to all be so wrong?

The quarterly tells us:
"For the past year or more forecasting has been difficult due to constraints outside of the Company’s control limiting capital works and access to new mining areas."

So that being the case, one needs to ask how could such bullish production forecasts have possibly been made in the past if there were these "constraints outside of the Company’s control?"

Basically what we now know is CTO have told us they are going to have another poor quarter of gold production for June. Based on CTO's past record is it a bit much to suggest that CTO might have under promised and deliver say 4,000 ounces or 5,000 ounces in the June quarter?

I suspect so.

I also suspect plenty of people do not believe the 5,000 ounces predicted for the September quarter nor the 15,000 ounces for the December quarter nor the 85,000 ounces gold production in 2010 nor the 160,000 ounces gold production in 2011 despite the information CTO have provided us.