Well said Boles, as I have said before their reports have no real substance. They keep repeating the same lines, 11million ozs gold blah, blah blah. The fact is they are no closer to REAL gold production than they were 5 years ago in my personal opinion. The announcement trumpeted on 9 April 2013 "Citigold successfully raises $100 million" was misleading to say the least in my view just as were many of the capital raising announcements previous. The only thing raised has been remuneration of the management, shareholder value has been decimated. I wonder what the $200mill asset value they say they have created for shareholders will be worth in the event of a fire sale? Is that the sound of a toilet flushing?
DYOR My thoughts and ramblings only
CTO Price at posting:
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