Bells, Well done in buying and selling with no loss, I take it that you were able to do this over the past 12 to 18months. The quarterlies over the last 4 years were all pretty much the same as the last. The return on investement to date is very negative, circa $200mill of investment with circa 50,000oz of gold produced. Its questionable to say the least that the current financing deal of $100mill will provide a much better return IMHO.There have been many proposals / plans presented by the company in relation to production in the past that have not even come close to proposed goals. Even with all the holes they have drilled, mining and development they still haven't been able to convert the resource into a reserve under the JORC code. I doubt I will ever see this mine produce 300kozs gold / annum in my life time.
DYOR My thoughts and ramblings only
CTO Price at posting:
4.6¢ Sentiment: None Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)