CTO citigold corporation limited

OKRA, can you point out in the announcement where they say the...

  1. gmt
    8,257 Posts.
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    OKRA, can you point out in the announcement where they say the plant is ready? Though I do agree I would expect it to be ready when mining production does commence, I understand that the plant is currently being modernised as stated in the half yearly. Again another report that creates more questions like how many holes are needed to be drilled in the current program for the Central area and what is the timeline for this drilling to be completed? They say the initial stage of the rehabilitation of the Central mine is anticipated to run until July 2014, so does mining production start at the end of July 2014?

    The critical question in my view is the funding, given another $15mill is due in April and we have not been advised how much of the October and and January funding has been received. Is it $10mill, $5mill of the $30mill outstanding? Surely retail shareholders are entitled to know without having to wait for the next quarterly and having to go through the financials to decipher an answer!

    DYOR My thoughts and ramblings only
 
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