CTO citigold corporation limited

Once again a mostly cut and paste quarterly report.So the total...

  1. 78 Posts.
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    Once again a mostly cut and paste quarterly report.
    So the total group Assets are supposedly 100 Million LOL if that was an even remotely possible number the company would have been subject to takeover years ago.
    How was the resource of 25 million tonnes at 14 grams of gold per tonne arrived at? who signed off on that number? where is that person now? was this number established by drilling?
    If the company was wound up what would the appointed receiver really get for this 100 million of assets?
    If the company is unable to manage this asset why hasn't it been on sold to a company that can?
    Apparently the company no longer owns a process facility [mill] if so who really bought it and why? is it still on site? if so why?
    Apparently the company was going to remove small shareholders did that happen? is the buyback completed? what happened to those shares?

    What the hell is ASIC doing all day? eating muffins?
 
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Mkt cap ! $9M
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