CTO citigold corporation limited
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Ann: Liongold Increases Holding to 18% , page-8

  1. gmt
    8,261 Posts.
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    19/12/12
    13:05
    Post #: 11206876
    They will take them over with a lion gold share offer as they did with CGT Castlemaine Goldfields IMHO. Why would they want to give them more money to keep them going they are at 18% next step is takeover. The sp is going nowhere, production going nowhere it would seem they are on life support at the moment takeover value will be around the 10c value mark at best imho.

    DYOR My thoughts and ramblings only.
    CTO Price at posting: 5.6¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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