Ann: Citigold Raise $2.3 million through sale of , page-12

re: Ann: Citigold Raise $2.3 million through ... Axegun
Thank you for your reply and your attempt to give a reason for your opinions. However wrt my previous comments your reasons do not reflect the true position of the company which is strongly supported by its major shareholders.
For example:
1. Your opinion based on the company,s financial position as reflected in the last quarterly did not take account of the fact that the company has previously been in this positon and has always had the resources to avoid insolvency and this has again been vindicated by what followed.
2. Posts on Hot Copper regarding creditors and debts are without foundation if the company is not insolvent and in many cases appear to be made to rubbish the company for personal reasons. This is one of the reasons that the market value of the shares is many times lower than the asset value.
3. The company explained the main reason for selling out of GML. As it was a major shareholder it would have to sell below market price if it wanted to negotiate an off market sale rather than damaging GML by dumping on the market and thus pulling down the market price.
4. The retrenchment of 30 employees can have many reasons other than that which you propose. However, as these are not yet in the public domain we will have to wait till later in the coming year for them to be forthcoming.