re: Ann: GML: CTO: Citigold Takeover Bid for ... Hi all,Whilst I...

re: Ann: GML: CTO: Citigold Takeover Bid for ... Hi all,

Whilst I was initially quite angry upon learning of the latest events concerning Citigold, after some thinking (in order to avoid further anger LOL!) it appears as though this takeover attempt might suggest something positive for the company (I'm praying). Perhaps Citigold is confident that their production targets for 2009 will be met. I don't know about the rest of you, but the quarterly report appears to signify that they might actually be heading in the right direction.

Remember that if CTO does manage to meet their 2009 production forcasts, a serious positive re evaluation will most likely occur. Of course if they don't meet those targets, well you know what will happen. I know that holders (especially long term holders) are angry, but nothing would make them more angry than for them to have discovered in hindsight that they sold at the bottom of the cycle, just a thought. Of course, the opposite may also be the case, holders don't sell and the stock declines in value.

My point in all of this is that patience is required (hard to ask, I know!), especially for the coming months, at least until some more 2009 production figures are released.

Just my own humble opinion, I could be wrong.