CTO citigold corporation limited
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re: Ann: GML: Directors' Statement re Tak... GML Directors...

  1. Katumbus
    190 Posts.
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    31/08/09
    12:11
    Post #: 5575786
    re: Ann: GML: Directors' Statement re Tak... GML Directors intend to advise their shareholders their reasoning for rejecting the takeover offer in detail through the circulation of a formal Target Statement to be mailed out mid September.

    Expect further negative sentiment towards the management of Citigold. The flagging of a blundered takeover will only fuel further criticism of CTO's level of competency & the market will give them a flogging for it.

    CTO Price at posting: 15.0¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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