CTO citigold corporation limited

another record, page-7

  1. gmt
    8,244 Posts.
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    Axegun,
    Unless there is documented proof of unpaid debts I would not be commenting on that. Hard rock is one problem I would think but lack of finance is the number one problem as is apparent from the quarterly reports. The chances of them securing the finance they say is needed to ramp up production is looking more unlikely given the problems in Europe and the tightening of the financial markets. I guess that gives them the excuse as to why finance has not been raised, though that may not be the primary reason IMHO. We haven't seen the large miners falling over themselves over the last 5years or so to take over the "largest major high grade gold deposit in Australia." I think the perceived lack of interest by the big end of town speaks volumes.

    DYOR My thoughts and ramblings only
 
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