Been a while since I've briefed over CTO so thought I'd look over there last quarterly. Honestly SP I don't see how you can take this company seriously.
Quote from the quarterly:
"Production continues to trend up despite this quarter s reduced production. As more ore headings become available
over the next six months production should move back above the trend line towards 300,000 ounce per annum."
The trend line was on the average increasing true, it had increased from around 2000 to 3000 ounces per quarter over 3 years... and they are talking about production heading towards 300,000 ounces per annum? Pull the other one.
I didn't make it past the 4th page of the quarterly.
I don't understand why anyone would keep their money invested in a company that is practically making no progress over such a long period regardless of their "resource".
If I'd taken heavy losses on CTO I would be cutting my losses and looking for greener grass, there's plenty of more promising looking companies in the Gold sector.
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