CTO citigold corporation limited
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Everything thing is on care and maintenance, the processing...

  1. gmt
    8,257 Posts.
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    20/04/16
    22:20
    Post #: 17560877
    Everything thing is on care and maintenance, the processing plant is security over a circa $10mill (including fee) note issue. The decline is in need of refurbishment and extension to get to the proposed gold bearing ore areas and they have insufficient funds to mine and difficulty it seems in raising required funds to say the least. Not even sure that they have enough equipment left to do anything with, nor the personnel to do the work. Aside from these small issues everything looks pretty rosie, Not!

    DYOR My thoughts and ramblings only
    CTO Price at posting: 1.7¢ Sentiment: Sell Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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