CTO 0.00% 0.4¢ citigold corporation limited

Ann: Share Purchase Plan , page-20

  1. 707 Posts.
    Hi GMT

    Good question re SPP price.
    Few current shareholders will buy now. If they wait the SPP maybe below todays price of 11 cents. CTO is going broke as around $900,000 left in kitty and falling.
    They will have to have a low price offered to get the take up needed to keep going as SPP shares sold now will dilute the sp badly.
 
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