CTO citigold corporation limited
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Ann: Update Charters Towers Project , page-2

  1. siameseparrot
    24,765 Posts.
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    16/12/09
    10:33
    Post #: 6049946
    And about time too!

    So much for the 18,000 ounces guidance that was going to be produced this quarter and on my understanding had not been amended by CTO until this announcement.

    I suspect there will be a lot of anger if the revised 5,000 ounces is not met.

    I'll assume it will be met. Surely the company could not suggest a revised quarterly production with only 15 days left in this quarter and not meet it?

    No. Not possible. I just can't believe that it will happen.

    Assuming 5,000 ounces is produced this quarter, do you believe that CTO has adequately explained in this ASX release why CTO has fallen over 13,000 ounces short of the 18,000 ounces gold production for the December quarter that CTO thought was "achievable" when the September quarterly was released to the ASX on the 27th. October in order to meet their 25,000 ounces gold production plan for 2009?
    CTO Price at posting: 13.5¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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