Dream World

Looking back they certainly were and still are living in a dream world.

This from and an announcement back in May 2009

Mr. Mark Lynch, CEO of Citigold, stated: “I am comfortable that the 2009
calendar year operation and production forecast will be achieved and that the
company will be in cash flow surplus by the December 2009 Quarter.”
“At this time, I see no factors in mining or processing that will prevent the targets,
including doubling of production in the September Quarter and tripling of
production in the December Quarter, being achieved,” stated Mr. Lynch.
Our Company recognises that the world has shifted since the stock market fell.

"Increased gold production leading to becoming cash flow positive in the December Quarter should remove the requirement for future capital raisings by share purchase plans, so this may be the last opportunity at existing prices for existing shareholders to benefit from the discounted price and no brokerage fees."

The shares were offered at the knockdown price of $0.16 / share and a free loyalty share for every 20 shares purchased.  At least they were correct about the last opportunity to buy at existing prices because they went down hill from there.

DYOR  My thoughts and ramblings only
Caveat Emptor