CTO 20.0% 0.4¢ citigold corporation limited

cto quarterly, page-13

  1. BH!
    2,521 Posts.
    finicky, they were essentially broke for most of the quarter. Don't forget, the Dubai announcement was only on 22 September and they only had $1.5m left as of 30 June.

    Running a mill will chew up your dough pretty quick, especially when you have to keep mine development going and keep drilling and keep an expensive, Dubai-based MD in clover, as well. I actually reckon it was a pretty amazing smell-of-an-oily-rag performance.

    Now, I want to see what they can do with $35m.

 
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