CTO citigold corporation limited

cash flow negative

  1. 3,633 Posts.
    lightbulb Created with Sketch. 320
    Ok so Cto for years have spruiked themselves as a low cost producer and as being very careful and frugal on there expenditure. I have just added up all the cash flow negatives from 2005 and they have been nearly 65 mill cash flow negative in this time . despite saying they will be cash flow pos from early 2007. In that time they have also received 34 .5 mill in gold and sales coming to a grand total of 99 mill. Seeing they already had a plant , some development was already done and the jork and reserves in place this has not turned out to be a low cost producer. So for 4 years work and lots of cash burn they produced 11000 odd ounces for last year and yet they still rant they are on track and the ore body is behaving as expected. Yet people are still being suckered into believing. Gotta say have always had a none recommendation but have changed that to a sell till they tell the real reason why its not lived up to promises. There are many other juniors out there that have spent less and producing more than Cto . Also that 10 million ounce jork back in 2005 (or sometime round there ) went from 1mill ounce to 10 mill . In light of current production figures i give that jork 0 credibility.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)
Last
0.4¢
Change
0.001(16.7%)
Mkt cap ! $10.5M
Open High Low Value Volume
0.4¢ 0.4¢ 0.4¢ $1.05K 300K

Buyers (Bids)

No. Vol. Price($)
25 17794414 0.3¢
 

Sellers (Offers)

Price($) Vol. No.
0.4¢ 3203468 9
View Market Depth
Last trade - 14.34pm 25/06/2025 (20 minute delay) ?
CTO (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.