CTO citigold corporation limited
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re: Ann: GML: CTO: Citigold Takeover Bid for ... From the gold...

  1. woteva
    2,213 Posts.
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    06/07/09
    14:42
    Post #: 5361058
    re: Ann: GML: CTO: Citigold Takeover Bid for ... From the gold thread:

    "In 1980, gold and gold mining shares accounted for 26% of global financial assets, whereas nowadays they make up a mere 0.6% of global assets. Even at a price of USD 5,000/ounce only 3% would therefore be allocated to gold"

    We are at or near rock bottom in terms of price and management have made it clear that production is now on or near target and you decide to sell?......

    When long termers sell in disgust or fear it sounds like a bottom to me!

    CTO Price at posting: 17.0¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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