CTO citigold corporation limited
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Ann: Quarterly Activities Report and Appendix 5B, page-6

  1. gmt
    8,256 Posts.
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    11/01/22
    16:02
    Post #: 58781258
    The MC is so high because they keep making large placements to raise working capital and issue more shares at lower prices.
    When I first traded shares in this company there were circa 350 million shares on issue so there has been a lot of shares issued through placements and share purchase plans over the last 20 years, circa 2.5 billion.


    DYOR My thoughts and ramblings only
    Caveat Emptor
    CTO Price at posting: 0.9¢ Sentiment: Sell Disclosure: Not Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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