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20.0% 0.4¢ citigold corporation limited

Ann: $50 Million Investment in Citigold to Fund D, page-29

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  1. gmt
    8,033 Posts.
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    09/03/12
    18:01
    Post #: 9818635
    re: Ann: $50 Million Investment in Citigold t... cash must be drying up fast, forecast spend for current quarter was $4.5mill, they had $1.47mill at end of December 2011 and probably some unprocessed gold from that quarter along with whatever they can process this quarter. Given the current sp action it would seem no other deal is close unless a sophisticated investor stumps up a few mill to keep the doors open.I am sure for now management salaries are being kept up to date.

    DYOR My thoughts only
    CTO Price at posting: 6.7¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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