CTO citigold corporation limited

re: Ann: $50 Million Investment in Citigold t... Abra,We have...

  1. 643 Posts.
    re: Ann: $50 Million Investment in Citigold t... Abra,

    We have many reasons not to believe CTO.
    Here are a few negative things regarding the deal:

    1- It is $25M and not $50M.
    2- The second $25M are convertible notes which are more like a loan.
    3- It does not matter how much money you invest, a poor mine is a poor mine regardless of the money u spend.
    4- CTO already invested more than $100M and only gets around 10,000 ounces per year (3% of what they promised). What make u think the next 25M will work?
    5- We, the regular people, hate people who do not live up to their promises...
 
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