Ann: Citigold enters $72 million Agreement, page-44

yeah gmt, seems like a crap deal. For one thing they have handed complete control to KIG. 60% means they decide everything. Probably go the way of Bendigo. That was a free gold type mine too, the trouble was that the ore was not homogenous even though where it was was was high grade. Im no geo but if they couldn't get it going by now then it may be a lost cause. I feel for the little shareholders, at the price it was/is I would have thought it better to just shut it down until the gold price recovers and raise some money then. I hope it goes up some for they tribe here.