CTO citigold corporation limited
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Ann: GML: CTO: Citigold Takeover Bid for Gateway , page-28

  1. woteva
    2,213 Posts.
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    06/07/09
    12:00
    Post #: 5360234
    re: Ann: GML: CTO: Citigold Takeover Bid for ... Hmmmm, I can't see what all the fuss is about.... Haven't management made it clear all along that one of their intentions was to acquire other assets as the company grew?
    So as some have suggested this is possibly a indication that production is now on target to reach estimates. I really couldn't see management going after other assets if operations weren't on target.

    I'm kinda miffed though as to why they diluted and then make an offer now rather than just wait until cash flow improved.
    Are they privy to something that makes them want to move now?

    CTO Price at posting: 17.0¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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