Thanks GMT yet again. Now it's becoming clearer. Just hope this...

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tradernz

63 Posts.

23/03/16

06:17

Post #: 17342202
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Originally posted by gmt ↑

You are asking the same questions I did years ago.

Have they shown at anytime that they can mine and produce gold on a consistent basis?

If the gold is able to be extracted economically why hasn't one of the big gold mining companies scooped it up over the last 5 years or so, given the low share price?

Why were gold production targets never met? etc

All questions I asked myself prior to unloading the last of my holding.

I can only assume the big boys did have a look at it along the way and determined it wasn't inviting to them. Perhaps the gold being in narrow veins hundreds of metres under ground in granite was a deterrent , you only have to look at the drill core samples / results to visualize how narrow these veins are. I tried to provide a link to the diamond drill core sample assays but there is a problem with opening the files!
Perhaps they will be available for access at a later date. They are on the bottom of this page. http://www.citigold.com/mining/exploration

When you read all the reports and the spiel on the website the potential sounds amazing, unfortunately it remains unproven.

These of course are only my views / thoughts / assumptions and not advice as I know nothing about mining.

DYOR My thoughts and ramblings only

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Thanks GMT yet again. Now it's becoming clearer. Just hope this stock will just put holders out of their misery. It's such a shame when companies play cat and mouse with investors. I wait to see what happens when they start trading again and take position. Gold on the way down from last week so no real advantage in re-trading any time soon. Good luck to all those that are dedicated to holding. If u have any news please post.

CTO Price at posting: 1.7¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 0.4¢		Change 0.000(0.00%)		Mkt cap ! $12M

Open	High	Low	Value	Volume
0.4¢	0.4¢	0.4¢	$1.87K	467.5K

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No.	Vol.	Price($)
20	20397419	0.3¢

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Price($)	Vol.	No.
0.4¢	3551032	3

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No.	Vol.	Price($)
20	20397419	0.003
6	7083679	0.002
5	6001032	0.001
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.004	3551032	3
0.005	12928570	14
0.006	2299619	5
0.007	1714285	2
0.008	2000000	1

Last trade - 15.32pm 30/07/2025 (20 minute delay)

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