CTO 0.00% 0.4¢ citigold corporation limited

quarterly activities report due in 2 weeks, page-6

  1. 5,948 Posts.
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    All,

    After my rant I probably made the task too difficult to find what has gone right. Perhaps lets do the slightly easier task of what was done wrong, or should not have been done at all. They say you learn by your mistakes..so lets start ..there's plenty of learnin' goin' on.

    1. The mismanagement of the power supply and subsequent delay
    2, share swap to gain gateway Mining
    3. Lack of actual track record of successful mine development expertise on the Board
    4. Choosing lower grade Warrior to start mining
    5. Wrong mine design at Warrior
    6. Time wasting with searching for pods.
    7. Too long persisting with the salve of "experimental mining", instead of actual mining focus
    8. that they really needed partners, not some hope that shareholders could stump up all the needed cash (just plain awful strategy)
    9. Taking on even more lease lands and presumably with spend obligations when they have almost no money ( I assume it looks good when touting for new dumb overseas money, but eventually will bite in the bum when it fails to work)

    care to add..?

    Yep, all seemed like good ideas at the time, and that's the problem.

 
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