Interesting announcement from the company, perhaps we will see more of this since the company may be realising shareholder confidence has turned negative. Lets hope the comfortable feelings of the company translate into actual results.
Mr. Mark Lynch, CEO of Citigold, stated: “I am comfortable that the 2009
calendar year operation and production forecast will be achieved and that the
company will be in cash flow surplus by the December 2009 Quarter.”
“At this time, I see no factors in mining or processing that will prevent the targets,
including doubling of production in the September Quarter and tripling of
production in the December Quarter, being achieved,” stated Mr. Lynch.
Our Company recognises that the world has shifted since the stock market fell
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