Every company has a debt. Telstra has a massive debt....

Every company has a debt. Telstra has a massive debt. https://www.**promotion blocked**.a...elstra-corporation-ltds-15-billion-debt-pile/

http://www.abc.net.au/news/2017-08-16/telstra-should-it-sell-its-future-nbn-revenues-now/8809442

Lets see what happens when their Crypto lists and whether banks and instos get into it like they did with other crypto currencies. I think the world is changing and this is a new way of funding.

The fact that they are buying up the small shareholders to clear the resistance suggests another big spike might be coming.

The chart has nice consolidation since the Mid year 2015 spike.

http://www.citigold.com/investors/announcements/2017/604-gold-purchase-agreement/file

he incentive to GLD Inc to pay for the gold at the earliest is that the buy price will be at
80% of the gold spot buy price at
the time, and in limited circumstances at Citigold’s
discretion
,
at 70% of the spot gold price.
This discretion relates to opportunity for
accelerated purchases from time to time.
Citigold will receive the cash as the gold ounces
are purchased. The more
gold that
GLD Inc
pay
s
for prior to 30
June 2018 then Citigold
will increase the rate of delivery of the gold metal with all gold paid for to be delivered
within 5 years, being 1 June 2022
at the latest
.
The GLD Inc transaction will
accelerate prepaid
gold
sales revenu
e
to Citigold,
that can
then
be used to
recommission our Charters Towers Gold Project at the earliest.
Over the
period from now until 30
June 2018 the potential
prepaid
revenue to
be received by
Citigold
could be up to A$123 million
(
assuming a
n
effective
gold
spot price of
A$1,650
per ounce
,
an average of 75%
sales
price and the maximum 100,000 ounces
).
Citigold has
agreed to accelerate gold deliveries if certain payments targets to Citigold are met.
GLD Inc has indicated they expect
to commence gold purchases before 30 June 2017
or
shortly thereafter
.
While the rate of gold purchases is principally with GLD Inc there are incentives to
purchase earlier than 30 June 2018. Similarly while Citigold has up until 1 June 2022 to
deliver the
gold metal there are incentives if the revenue stream is faster to Citgold then

Page
2
of
2
the Company agrees to deliver the gold metal at a f
aster annual rate. This includes as
follows if the gold in
-
situ is p
aid for by 30 June 2018
:
a)
If at least 30,000 ounces
,
then
Citi
gold
will deliver gold metal
from 30 June 2020
,
at
a
discretionary
rate; or
b)
If at least 60,000 ounces
,
then Citi
gold
will deliver gold metal from 30 June 2020
,
on
a quarterly basis at the rate of at least 10% of its gold product
ion
; or
c)
If at least
90,000 ounces
,
then Citi
gold
will deliver gold metal from 30 June 2020
,
on
a quarterly basis at the rate of at least 15% of its gold product
ion
.
In
the
scenarios above, at the same assumed gold price and revenue percentage
,
if
purchase
d by 30 June 2018 the
n:
a)
the revenue to Citigold could
be
A$37 million;
and in
b) A$74 million; and
c) A$111 million. The agreement is i
n USD (US$) and therefore
exchange rates could vary the figures up
or
down.
All purchased gold is to be delivered by Citigold by 1 June 20
22 at the latest.
Citigold
is
of the clear view this is an
attractive deal for Citigold and its shareholders.
There
is no requirement for margin calls, early delivery or interest should the price of
gold vary over time or be different at time of
delivery.
Citigold
’
s business is
ultimately
gold
production and with estimated low
production operating cost
the deliveries can be
profitably met.
The prepaid gold sales
revenue
would provide the working capital for the growth of gold
mining on the Compan
y’s high
-
grade Charters Towers goldfield project
growing
into the
targeted 220,000 ounces per year ultra low
-
cost gold producer.
Background on
GLD International Inc
, USA
: founded by individuals directly and
indirectly involved in aligning businesses with l
ifelong expertise in gold mining, gold
markets, information technology and the latest cutting edge distributed ledger
blockchain reality. Team members across four continents form the nucleus for GLD
International Inc, a new brand with global goals as a cry
ptocurrency technology
company.