CTO citigold corporation limited

funding, page-11

  1. gmt
    8,261 Posts.
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    6 weeks of the June Quarter left for the white knight to appear with funding! ELM do not appear to be rushing in and IMHO the level of funding ( $15mill/ quarter) announced 12 months ago is NOT likely to come from any other interested party. Given they have cut the spending they may raise a few million to get the salaries paid for the current and next quarter along with some scrapings of gold from the crushing plant. I know in the past they have been able to pull a rabbit out of the hat but maybe this time they will need to pull a hare out of their ....

    DYOR My thoughts and ramblings only.
 
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