CTO 0.00% 0.5¢ citigold corporation limited

re: Ann: June Quarterly Activities and Cashfl... I thought the...

  1. 146 Posts.
    re: Ann: June Quarterly Activities and Cashfl... I thought the quarterly was very informative. Much better than in the past. I like what I see, but I am concerned at the cash burn. However if management feels confident to start investing in new equipment then they must foresee a change in the cashflow situation( ie more gold production). I didnt think Mark Lynch was doing anything but trying to explain what was going on as best he can. I am willing to cut them some slack for 6 months and see what happens. If we are on the cusp, as Mark states, then I would be silly to sell just now. Barring some disaster I would now expect a ramp up.
 
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