I think you could argue that production is not the only problem. What happened to increasing the reserve at the end of 2008-09 (nothing)...
The market is fed up (for well documented reasons) and not in the mood...
I also think the market may want to see changes in management (regardless of the causes of the disappointments) - of course given the shareholding structure this may be difficult.
I don't like the look of this at all.
(Reminds me all too well of GTM - one i rode all the way into administration when their model was "flawed" as well... I thought dollar cost averaging was the way to go that time - learned an important lesson about "picking" bottoms- "Confucius say man who pick bottom...")
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CTO
citigold corporation limited
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0.3¢

pound pound pounding away at 10 cents ..., page-6
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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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