Shareholders, despite slow development, shaking the market's stigma of no confidence in relation to Citigold & its management's credibility their lack of, will IMHO, longer term, require a change of guard. Throughout the decade, milestones & forecasts have been well short & have amounted to substantial rhetoric & mirrored hype. Hum-bug as one market critic had put it some years ago.
Sure, the balance sheet may appear stronger, new P&E, old debts ingeniously cancelled & the like...but over the course of 7 years we have seen the number of issued shares approx double as a result of capital-raisings, consolidation, SP & generous performance based options to management. Notwithstanding, the chart's 2nd shoulder over this course, we are back to the 2003 share price crossroad.
And yet, despite the years where gold has been in favour....many of us have hung on accumulating in the belief that the founding Lynch Family can finally pull it off & catapult Citigold into the golden age.
Mark Lynch you know you have made your last promise... Come 31st December, the market will no doubt dictate that you to step aside if you don't hit your target. So that said cut the bull & good luck with the strike.
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