CTO citigold corporation limited
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from spectacular potential to ???, page-25

  1. Vet14
    256 Posts.
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    04/03/10
    11:56
    Post #: 6404452
    Hi Hippo

    Whilst we don't know the consideration received for the 50% JV i'd esimate it is well below the $35m capital required. The JV only represents less than 20% of the inferered mineral resource. CTO's current market cap is only $80m.

    So they capital they received from the JV is likely not to cover the $35m. In addition to funding the shortfall they still need to fund warrior expansion. They've got themselves into a bit of a mess here.
    CTO Price at posting: 9.6¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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0.3¢ 		Change
-0.001(14.3%) 		Mkt cap ! $9M
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0.3¢ 0.3¢ 0.3¢ $837 278.8K

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No. Vol. Price($)
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Price($) Vol. No.
0.4¢ 3203468 9
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Last trade - 11.08am 26/06/2025 (20 minute delay) ?
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