CTO citigold corporation limited
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gml concedes to 100% takeover deal

  1. Katumbus
    190 Posts.
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    10/10/09
    02:12
    Post #: 5759304
    The late announcement (Appendix 3B) at 6:27pm would indicate that the principals of GML have caved into the offer & handed over GML lock stock barrel.

    "Issued as consideration in an off-market takeover
    by Citigold of all the ordinary shares in Gateway."

    If this is correct, CTO may have brokered something positive afterall. This could mean a fresh injection of management & leadership. We can only hope that CTO have acquired some real professionals that have something to offer us all...
    CTO Price at posting: 16.5¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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