CTO citigold corporation limited
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From the previous Quarterly Dated 29April 2016 "Current capital...

  1. gmt
    8,241 Posts.
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    31/07/16
    22:29
    Post #: 18411928
    From the previous Quarterly Dated 29April 2016
    "Current capital raising plans for the coming Quarter to June include a share placement, a small forward sale of gold in the ground as previously announced and most importantly completion of one of the major funding deals so that the project can aggressively move back into sustained low cost gold production."

    They raised $105k !! No forward gold sales in the ground and No major funding deals completed!!!

    Latest Quarterly Dated 29 July 2016
    "Current capital raising plans for the coming Quarter continue to include share placement(s), forward sale of gold in the ground as previously announced and moving towards finalising discussions with one of the major funding partners."

    It would appear nothing changed other than $105k being raised during the quarter!!

    I fail to see how the regulator just continues to accept what it is told by the company.
    The $22k it had at the end of the quarter is long gone given ML's salary alone is circa $10k a week. No doubt IMHO there will be another $100k possibly raised this quarter to keep the salaries flowing.

    DYOR My thoughts and ramblings only
    CTO Price at posting: 1.4¢ Sentiment: Sell Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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