May well explain some of the dumping of late ... they may have cried wolf once too often ... I just hope that Lynch understands the importance of meeting (and exceeding) the published targets of 2500 Q2/5000 Q3/15000 Q4/85000 10 and 160000 11.
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The rather respectable German Gold Service of Martin Siegel recommends to sell Citigold (quoted also at the Berlin + Frankfurt Stock Exchanges)
Brief summary:
"CTO presents itself as a promising explorer with the potential to rise to a bigger Australian gold producer.
However, all forecasts over the last years have not be achieved and were significantly undercut, with high losses, camouflaged in their financial reports.
Almost no more cash available and liabilities of up to A$ 35.8 M
Im view of the achieved results so far, Citigold is hopelessly overvalued and only living on its possible high resources and phantasy...
We recommend to sell"
http://www.goldseiten.de/content/minen/berichte/mine_meldungen.php?mid=16
http://www.goldseiten.de/content/marktberichte/marktberichte.php?storyid=10086
May well explain some of the dumping of late ... they may have...
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