CTO citigold corporation limited

cto - profit announcement, page-17

  1. 5,949 Posts.
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    Hippo567,

    Saw your 6.3 g/t expected vs 4.4 g/t achieved.

    Maybe right, maybe not. But how do you explain expectations of 100,000 oz per year even if 6.3 g/t?

    I am dumbfounded by the lack of openness, transparency and honesty. I wonder at the plain engineering skills on display.

    If their is any finger pointing, it has to be the decision to go to Warrior East, and failure to be careful with money (eg gateway Mining share dilution), not adjusting to the situation they had earlier - experimental mining. Needed to focus on cashflow..too carried away with a presumption that gold would flow like a river. Experimental mining and safe mining comments etc..are total rubbish. The rock is 105 MPa strength, extremely competent. (Means it is what people mean by solid rock). So other than just following the Department of Mines Safety Regs there is nothing fancy about safety. It is a red herring issue/justification.

    I am here hoping against hope that something, anything, will go right.
 
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