I don't want to harp on it, it just seemed that people weren't grasping the point Pooh Bear was trying to make.
330,000 ounces is a long way from the 10 million ounces they are trying to claim on there website, and the real problem has always been the issue of economical production, not the existence of gold itself (which occurs naturally in minute traces in all soils). At 330 ounces the stock is already fully priced anyway.
I don't have a problem with Directors and related parties selling shares in the companies they own per se, just selling them and then a week later informing the market that the company is in administration.
My overall objection is the marketing of the stock to the most naive of investors. It not day traders risking small bits on this stock, its buy and hold Mum & Dad investors who aren't given a clear explanation of how many times this company has tried and failed to economically extract gold from these tenements.
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citigold corporation limited
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Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $12M |
Open | High | Low | Value | Volume |
0.4¢ | 0.4¢ | 0.4¢ | $35.05K | 8.763M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
23 | 20030421 | 0.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.4¢ | 384813 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
21 | 19430421 | 0.003 |
7 | 9083681 | 0.002 |
3 | 3901008 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.004 | 384813 | 1 |
0.005 | 9231796 | 9 |
0.006 | 1099420 | 3 |
0.007 | 1000000 | 1 |
0.008 | 2000000 | 1 |
Last trade - 12.32pm 18/07/2025 (20 minute delay) ? |
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CTO (ASX) Chart |