CTO 0.00% 0.4¢ citigold corporation limited

ground hog day continues, page-11

  1. 1,486 Posts.
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    I agree with all previous comments, however, I'm interested if people think a more experienced miner could turn this place into a cash cow?...........what would happen if for example, a mob like Lihir or Newcrest were to buy out CTO and throw Byrnecut down the hole? Would the ounces start to pile up?
    If so, then CTO must remain a strong takeover target. And as such, given the way gold looks like it's heading, is it worth hanging on to this stock?
    I for one see better value in other gold companies, but cant help thinking that the quickest way to increase production for a mob like LGL, NCM or SGX might be to buy an operating mine that may be cheap through it's mismanagement.
 
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3 653067 0.4¢
 

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Price($) Vol. No.
0.5¢ 15443264 26
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Last trade - 16.12pm 06/11/2024 (20 minute delay) ?
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