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8,052 Posts.

135

15/08/22

16:46

Post #: 63124180
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Originally posted by Necdet1 ↑

Space Mission to Ground Control - when is that looooong delayed "lift-off"? Alo, Control, can't hear you, speak louder, still can't hear you, damn this mission is hard yakka.

I have copied the below extract from Tropicalize's post:

"In a huge boost for Citigold Corporation (ASX:CTO, NASDAQ Dubai:CTO, FSE:CHP) shareholders and the Charters Towers gold operations, the Share Purchase Plan closed oversubscribed.

Befitting the burgeoning gold production from Charters Towers in 2009/10 and offer terms, over 2,300 Citigold shareholders invested A$9.5 million in the SPP, which was 180% of the company's internal budget. The SPP is the Company’s most successful Plan to date.

In addition, the Company also accepted a small private placement of A$1,850,000 on the same terms as the Plan for a total of 12,140,625 shares. Therefore, total capital raised by Citigold was A$11.4 million.

Mark Lynch, Citigold Managing Director said the Company was extremely pleased with the interest shown by shareholders in the share Plan. It also reflected favourably on a broad confidence in Citigold’s management and its strategy for growing the 100% owned Charters Towers gold operations into a significant independent gold producer".

What happened?
Mission lost?
Mission impossible?
Lost in Space?

Mission Control - we are still waiting for your "promises? over & out.

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Don't worry they have a plan, unfortunately it doesn't include retail shareholders making any return.

DYOR My thoughts and ramblings only

CTO Price at posting: 0.6¢ Sentiment: Sell Disclosure: Not Held
2 Upvote

0 Great analysis

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