CTO citigold corporation limited
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Ann: Quarterly Activities and Cashflow Report , page-4

  1. siameseparrot
    24,765 Posts.
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    29/01/10
    09:25
    Post #: 6259067
    To pprevent any misunderstanding in the post I just made the following was my comment:

    A look at the cash flow indicates CTO is still significantly cash flow negative. Receipts were $6,065 million while expenses were $8.232 million, including $988,000 administration expenses.

    I suspect CTO needs about 8,000 ounces of production in a quarter based on the current gold price and expenses to break cash flow even.

    Cash at end of quarter was only $951,000.
    CTO Price at posting: 12.5¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
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