CTO citigold corporation limited

spp closing 19th february 2010, page-18

  1. 47 Posts.
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    You've got to bet they will pull SPP because the Directors won't want to flush their cash either unless they can make a substantial announcement.

    The only hope to push up the share price substantially is some new funding.

    Rumour they are trying to sign up foreign contractors wanting to get into the Aussi market and prepared to self finance the dig ..... trouble is you can bet there will be alot of strings attached to this from the funders point of view and we'll end up with very little ... but it could fund the management teams gravy train for a little longer.

    Unfortunately my trust of management doing the right thing by us is very low .... they are in survival mode, no raising = no business.
 
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