CTO 20.0% 0.4¢ citigold corporation limited

Hi axegun,I agree with what you say however I feel LG have been...

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  1. gmt
    8,033 Posts.
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    Hi axegun,
    I agree with what you say however I feel LG have been looking at it for quite some time and were probably one of the undisclosed interested parties spoken about in previous reports.I also feel that there are a lot of negotiations going on behind the scene with the other major top 20 holders k sera sera etc as I am sure they would want their investment back plus interest.CTO have about 4/5 months of cash at a guess and with the recent restructure it is evident they do not have the manpower to produce the gold previously produced. The focus on development rather than mining interested me, perhaps this is to prove to prospective buyers that gold is there in the other areas.
    The next 4 to 6 months should be interesting, the value of my holding is insignificant now so will just keep going on the ride.

    DYOR My thoughts and ramblings only
 
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