I am utterly disappointed by the promises that the management has been giving to its shareholders. I have held this share since 2006 in a hope that one day they would be able to deliver atleast something but with this quarterly results I really cannot see that they can produce something in near future (100-200 years) and have to sell all my holding as I realised (bit late) that I have bought this share for myself and not for my great great great grandchildren.
It is sheer incompetence on part of the management that at a time when gold is trading so high, then are not able produce anything while other gold companies are ramping up the production and adding value to their shareholders.
Any advice from our experienced holders of CTO (sitting on massive 10 million ounces since last 12 years), on FML which has produced 21K ounces in 48 days & also why is it that CTO is not able to produce unless one obvious reason that comes to my mind is our prudent directors are waiting the price of gold to hit $10000/ounce ONE DAY and the country would be flooded with Billionaires (with number of share floated in market).
DYOR
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CTO
citigold corporation limited
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Last
0.3¢ |
Change
-0.001(14.3%) |
Mkt cap ! $9M |
Open | High | Low | Value | Volume |
0.3¢ | 0.3¢ | 0.3¢ | $837 | 278.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
26 | 18515526 | 0.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.4¢ | 3203468 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
26 | 18515526 | 0.003 |
6 | 7833668 | 0.002 |
3 | 8400999 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.004 | 3203468 | 9 |
0.005 | 12326846 | 14 |
0.006 | 2732952 | 6 |
0.007 | 1714285 | 2 |
0.008 | 2000000 | 1 |
Last trade - 11.08am 26/06/2025 (20 minute delay) ? |
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Hank Holland, Chairman & CEO
Hank Holland
Chairman & CEO
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