Australia's largest stock trading and investment forum Australia's #1 stock forum

CTO

Click for more information

0.00%

0.4¢ citigold corporation limited

Trading, page-17

First 17 Last

Share
Profile

Follow
opalzone

4 Posts.

28/05/20

17:22

Post #: 44900532
Share

Originally posted by Necdet1: ↑

Ok, thanks.

The info contained in their annual reports, quarterly reports etc, indicate that there is serious gold deposits in the ground...surely this is fact? Am I correct? If this is correct and CTO has strong gold reserves why is it that others have not invested in this company to get the gold out? I do not understand as to why the directors of CTO would decline any good offer which may have come up their way before.

If Mark Lynch was to be replaced do you think it would be for the better or worse? Who founded CTO? Was it Mark or someone else?

I just don't understand the logic behind all this. People say Mark is intentionally delaying progress of CTO because he's on high annual salary (some $600k pa), I agree that this is a very high package to pay for an nonperforming company, but surely it would be to Mark's benefit to get the gold out of the ground? Mark and the other top 20 shareholders will make a "killing" from it. So, what's the reason for holding back? Exactly, what is it that they are waiting for? What's in the foresight of the directors???

Expand

I have been told the trouble with CTO is that the gold is in hard rock. Very difficult to mine.

CTO Price at posting: 0.5¢ Sentiment: None Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

RAD

Radiopharm extends radioimmunotherapy trial to 5 more cancer types

SGP

Things finally 'looking different' for up-and-down Hot Stock tip Stockland

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

PAM

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

First 17 Last

Add CTO (ASX) to my watchlist

(20min delay)
Last 0.4¢		Change 0.000(0.00%)		Mkt cap ! $12M

Open	High	Low	Value	Volume
0.4¢	0.4¢	0.4¢	$1K	250K

Buyers (Bids)

No.	Vol.	Price($)
23	11997432	0.3¢

Sellers (Offers)

Price($)	Vol.	No.
0.5¢	13977544	24

View Market Depth

No.	Vol.	Price($)
23	11997432	0.003
9	10895520	0.002
9	14702988	0.001
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.005	13977544	24
0.006	4036666	7
0.007	2775523	5
0.008	1850000	4
0.009	2370800	4

Last trade - 15.17pm 19/11/2024 (20 minute delay)

CTO (ASX) Chart