For the hundredth time, yes the directors made forecasts before funding was obtained, yes it was a mistake... but the bottom line is:
-cto now has funding, up to $35m (albeit $10m gone but most went to one-off machinery upgrades)
-cto got funding in October 2008
-electricity upgrade was also completed around then
-it takes at least 6 months to tunnel too & develop each face (repeat 6 months)
-therefore basic maths says production won't ramp up until at least 6 months after October. We are barely there now, so nothing will be reported until 31 July.
-we are in the here and now, not the past.
-the company has plenty of cash available and is producing gold at a profit (if it were at a loss, they'd stop producing until tunnelling finished - again basic maths)
-also Mark Lynch salary is $378k, not $500k... and that included a one-off long service payment.
NB: Do not expect any increase in gold production in the upcoming quarterly, due out 30 April (but that doesn't mean they are not on target since receiving funding).
- Forums
- ASX - By Stock
- attention all worry warts
For the hundredth time, yes the directors made forecasts before...
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CTO (ASX) to my watchlist
|
|||||
Last
0.5¢ |
Change
0.001(12.5%) |
Mkt cap ! $12M |
Open | High | Low | Value | Volume |
0.5¢ | 0.5¢ | 0.4¢ | $7.008K | 1.491M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
16 | 12026768 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.5¢ | 5168317 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
16 | 12026768 | 0.004 |
12 | 9697354 | 0.003 |
8 | 12515025 | 0.002 |
8 | 10802988 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.005 | 5168317 | 8 |
0.006 | 1405767 | 4 |
0.007 | 2729758 | 4 |
0.008 | 5369194 | 8 |
0.009 | 1370800 | 3 |
Last trade - 13.49pm 12/07/2024 (20 minute delay) ? |
Featured News
CTO (ASX) Chart |