CTO citigold corporation limited
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Process plant Scrap value only, however what if Fortune want...

  1. gmt
    8,241 Posts.
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    31/10/16
    23:20
    Post #: 20268080
    Process plant Scrap value only, however what if Fortune want their money back ?? Being a major secured creditor maybe they could call in the administrators and buy the leases and whatever is left from the administrators. All speculation of course and not advice.
    In all seriousness who would want to stump up circa $100mill for a company that currently has a market cap of circa $20mill and is producing nothing with at best a 10 month lead to initial gold production.
    There have been many plans, hopes and dreams over the past decade or so, few if any have come to fruition.

    DYOR My thoughts and ramblings only
    CTO Price at posting: 1.1¢ Sentiment: Sell Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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