Quarterly will be out tomorrow. CTO has posted all quarterlies...

Quarterly will be out tomorrow. CTO has posted all quarterlies on the very last day that they are due in recent times.

Earlier this year I invested in CTO as my choice for a holding in junior gold play. I chose CTO on the back of how it reads - and it's huge potential upside. (10mill oz/JORC, high grade, low cash costs, Dubai funding in place, long mine life etc etc. (See post my titled Mark Lynch on SkyBusiness)

Not long after, I got out of the stock at 27.5c and moved into SLR as I felt they were moving forward at a rate much quicker than CTO were. Turned out to be a very good decision in hindsight.

I'll be waiting for CTO's Q tomorrow with great interest to see progress moving forward and what it's cash burn is.

I may look to re-invest in CTO if some of the promises are actually delivered, but for now I am most definately out.
Maybe there will be reward for the longer and more patient holders.

Good luck to all.


Peggs


As always, DYOR.