CTO 0.00% 0.5¢ citigold corporation limited

I stated I sold 70%, still have 30% done what is best for me,...

  1. 4,242 Posts.
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    I stated I sold 70%, still have 30% done what is best for me, and will get in again when things are constant with CTO,and after Gold season returns in 4 months.

    CTO have been promising things for 10 years and consistently raising capital. Was in the 50's with Gold at $500 an Ounce CTO now 29 cents for 665,000 shares, next cap raising to 900,000 shares, makes em less appealing.

    Also due to fact that stated 100,000 Ounces prod by end year, lucky to get 40,000 ounces by way things are going. I am sure you have read analyst reports on CTO website, stating 40,000 - 45,000 Ounces achievable, so half already, they knew that so why promise 100,000 Ounces when not achievable.

    They can buy all the latest drills technology etc etc,all well and fine, however need to dig Gold from Ground to make money = bottom line.

    Yes they have 10,000,000 Ounces JORC Infered, needs to be measured, they have 330,000 Ounces measured, and with Gold veins spliting in two, as reason for not much increase in production it is getting a bit scary.

    look at DOM to show CTO how its done, and paying Divvy. I am a Gold bug but not a tragic, better opps elsewhere in OILS ATM.

    If market were happy with CTO, after Opes Crime sell down of CTO, one would think CTO bounce back up, but did not

    Again I state Mark Lynch stated that prod will be about static, no increase in Gold prod until Sep quarter, well with Gold weak season coming round the corner cap raising, then 1+1 = no much happening.

    Same thing happening with MON Mr Kiernan promise promise 5000,000 Ounces per year prod end of this year 2009, now S.P 28 cents = market not stupid

    Do as you please, I am entiltled to my point of view.
 
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