CTO citigold corporation limited

quarterly

  1. gmt
    8,291 Posts.
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    Will the quarterly be out before the close of business tomorrow? I don't think it really matters we already know that it will be a poor result regardless of how they try to guild the lily. We will again hear about the Chinese interest and the negotiations which are still going on, the $18mill, the $70mill the fact is they have managed to squeeze $2mill from the Chinese and if Zhaojin believed and felt things were as good as the company says then surely they would have made a bigger commitment by now. We have 4 weeks left to see if the letter of intent with Jingu actually has legs, why would they be spending $70mill on a JV for part of the operation when they could make a complete takeover for $100mill given current market cap subject to Govt approval, I know thats what I would be doing if there is as much gold there as the company is saying.

    DYOR My thoughts only.
 
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