CTO citigold corporation limited

Ann: Capital Raising & Appendix 3B, page-13

  1. 10,673 Posts.
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    Easy to see it that way, because it is what it is. But the whole box and dice continues because there is some Gold in the ground.

    How much gold, and how easy or how cheap or soctly it is to get it out is debatable. And largely unknown with supposed experts already looked it over no doubt and would know its obviously a big project ahead without the capital to set it up.

    What could bring in the beans could be if there is a further bump up in the AUD gold price to a point where it looks like a goer. I dont know why 2100 bucks AUD isnt dragging money to the table to dig it up, but mabe the ause is more about expecting a pullback in the price of gold.

    Surely if Gold bugs thought Gold would be 2100 AUD and rising from here that it would drag money to the table. So Im guessing the reason is Partly expecting the gold price wont hold up for long enough to get the Gold out of the hole.
 
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