CTO citigold corporation limited

Wow! CTO shares jumped by more than 80% from yesterday to today....

  1. 176 Posts.
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    Wow! CTO shares jumped by more than 80% from yesterday to today.
    Today as at 1.45pm volume of trade passed $510k which has not been seen for more than a decade, with 220 trades.

    Today's release of quarterly report partly highlighted the following:
    HIGHLIGHTS
     The Company and its consultants decided on innovations to assist in achieving the
    goal of an 'ultra-low-cost' mine at the Charters Towers ‘Central’ gold mine.
    Active discussions for major project funding advanced and funding is expected to be
    in place by the end of the calendar year.

     CEO recently inspected and reviewed project sites confirming readiness for mining.
     The go-forward budgets were reviewed confirming a substantial commitment to
    expanding the defined resources and how advances in technology might assist with
    upgrading to reserves.
     Confirmed the initial mining area remains the CO3 Queen West, Probable Mineral
    Reserve of 113,316 tonnes at 27.95g/t containing 101,843 ounces. (See ASX
    announcement dated 21 May 2012 Mineral Resources and Reserves report).

    Point two highlighted above is promising; I hope to God it'd be delivered.

    I know a while back CTO entered into a toll-agreement with an (undisclosed) independent mining contracting company (MCC) (If I am correct) in which at cost the MCC will extract gold for and, CTO would then on-sell gold for profit. I am assuming this is the method of their proposed funding (DYOR). Any how, as a long term SH of CTO I hope it'd be successful trade-off. Can't wait til end of this year to see what comes about.

    Something is happening and I hope it's for real.................smile.png
 
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(20min delay)
Last
0.3¢
Change
-0.001(14.3%)
Mkt cap ! $9M
Open High Low Value Volume
0.3¢ 0.3¢ 0.3¢ $75 25K

Buyers (Bids)

No. Vol. Price($)
27 18661452 0.3¢
 

Sellers (Offers)

Price($) Vol. No.
0.4¢ 1728366 9
View Market Depth
Last trade - 10.03am 19/06/2025 (20 minute delay) ?
CTO (ASX) Chart
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