CTO citigold corporation limited

Ann: Quarterly Activities and Cashflow Report, page-8

  1. 3,286 Posts.
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    Not looking good. How long can it go on?

    how much equipment remains on site? They have been flogging off the surplus equipment each quarter.
    i suppose laying off workers each quarter creates surplus equipment.

    189K on hand with 950K required for the quarter....ASX please explain perhaps?
    Did not mention any possible funding arrangements.

    no mention of the ramping up to the magical (or fanciful) 300+ oz per year.
    now conservative 50K up to 100K oz per year.
 
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