Ann: Placement Oversubscribed , page-4

If somone offered me 45,000,000 at 13c approx, I would take it, then dribble them back into the market over the next six weeks or so at 16c, thank you very much, profit of 1.3mill give or take and bugger the small punter.

IF Citigold were producing what they said they were, IF they were on track to produce 25,000oz by years end, then why did they need to do a capital raising? Or will the amount of gold produced to bring it up to 25,000oz by years end "magically " appear in the last quarter. The longer this goes on, the more holders should be extremely wary of this lot. Remember View Resources, Monarch etc etc.