In the March quarterly CTO predicted 5,000 ounces of gold production in the September quarter.
In the June quarterly CTO told us that June quarter production "was 1,855 ozs of gold. This was lower then projected due to the delay in the development of the second means of egress resulting in no ozs being extracted from the 705 level."
However in the June quarterly, released at the end of July, CTO also reassured us that "2009 production plan on track for 25,000 ounce (‘oz’) gold"
So surely that should mean at least 5,000 ounces of gold production this quarter? Unless I am mistaken CTO has not informed the market during this quarter that the 5,000 ounces gold production guidance will not be met this quarter so it looks like shareholders are in for a good quarter and looking forward to 25,000 ounces being produced in calendar year 2009.
So if this is the case, and unless I am mistaken CTO has NOT informed the market that this is not the case, why is the CTO share price at a low 15 cents?
In the March quarterly CTO predicted 5,000 ounces of gold...
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $12M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 23 | 24047419 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 1749999 | 2 |
View Market Depth
| Last trade - 16.21pm 25/07/2025 (20 minute delay) ? |
| CTO (ASX) Chart |
Day chart unavailable