CTO citigold corporation limited
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re: Ann: Notice of Annual General Meeting/Pro... Feel sorry for...

  1. SurfsUpDoods
    3,286 Posts.
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    27/10/11
    21:55
    Post #: 9203368
    re: Ann: Notice of Annual General Meeting/Pro... Feel sorry for you guys. No exit point in sight.
    Memoradum states around 9c. So that's $22.5M in a SPP. Far cry from the $100+M needed to fully develop the mine.

    What happened to the capital funding negotiations that were at an advanced stage - September 7 announcement. to be completed before the AGM and likely to be majority debt.

    My feeling is that the end is nearing.
    AGM in Brisbane. No BBQ at the mine. Maybe the mine is not there anymore.


    CTO Price at posting: 7.5¢ Sentiment: Sell Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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