re: Ann: GML: CTO: Citigold Takeover Bid for ...
Just thought this statement made by Mark Lynch on the 21 May 2009 might calm your nerves.
"Mr. Mark Lynch, CEO of Citigold, stated: “I am comfortable that the 2009 calendar year operation and production forecast will be achieved and that the company will be in cash flow surplus by the December 2009 Quarter.”
“At this time, I see no factors in mining or processing that will prevent the targets, including doubling of production in the September Quarter and tripling of production in the December Quarter, being achieved,” stated Mr. Lynch."
He would have known how gold production was going when he made this statement!? Sounds pretty confident and I hope the gold production for the June quarter will exceed 2500 ounces.
Soon we will know.
CTO Price at posting:
16.0¢ Sentiment: Buy Disclosure: Held
