CTO 0.00% 0.5¢ citigold corporation limited

spp closing 19th february 2010, page-20

  1. 707 Posts.
    Well put robertka. I would like to be on the "recreational drugs" they are on and I wouldn't worry about CTO like I do now. The most damaging confidence thing they have done is to talk about opening up other mines when the warrior mine is in such trouble.
    The next few days will be interesting as they try to claw their way out of this mess.
    On a serious note I would like to see ASIC set up a flying gang of retired experienced mine operators to assess situations like this earlier to see what is going wrong and give good advice to gets things running right before it goes belly up or sadly give the thumbs down early if it is a no hope mine to stop furthur wasted investment. If ASIC did this, it would be more proactive than it is now. Administators have to go in when mines are on thier death bed and rarely turn things around.
 
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