CTO citigold corporation limited
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Ann: Quarterly Activities Report and Appendix 5B, page-8

  1. gmt
    8,250 Posts.
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    01/08/18
    18:56
    Post #: 34676430
    I think you will find they extinguished about $10mill of debt when they sold the Processing plant and some of the leases, however circa $16mill debt and $166k in the bank does not look any better!

    It will be interesting to see if they can once again convince the Auditor that it is a going concern in the September Financial report.

    DYOR My thoughts and ramblings only
    CTO Price at posting: 0.9¢ Sentiment: Sell Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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