CTO 12.5% 0.5¢ citigold corporation limited

to all siamese parrots & valler66's

  1. 183 Posts.
    For the hundredth time, yes the directors made forecasts before funding was obtained, yes it was a mistake... but the bottom line is:
    -cto now has funding, up to $35m
    -cto got funding in October 2008
    -electricity upgrade was also completed around then
    -it takes at least 6 months to develop each face
    -therefore basic maths says production won't ramp up until at least 6 months after October. We are barely there now, so nothing will be reported until 31 July.
    -we are in the here and now, not the past.
    Now if you want to torture yourself by living in the past then fine, but don't drag others down with you!

    I will make the following statement and will it make several more times before Quarterly due out 30 April:
    "Do not expect any increase in gold production in the upcoming quarterly".
 
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