CTO 0.00% 0.5¢ citigold corporation limited

It is very simple....-It is likely there is a typo in 3.1 of...

  1. 183 Posts.
    It is very simple....
    -It is likely there is a typo in 3.1 of Appendix 5B, since it is inconsistent with section 1 amounts. I think it should read "Amount used = $0". I hope cto will fix this asap.
    -What is more likely - all the Section 1 figures being wrong, and one number being right in 3.1... or all the figures in section 1 being right, and a single typo in section 3.1.
    -They have used the bulk of the first $10m on essential equipment to ramp up production, which will take time, but will happen.
    -The $10m was never going to cause an immediate ramp up in production - it takes 6 months to establish a face to pull out ore. So a low result from gold production at this early stage was not unexpected.
    -The next $15m is "available" as stated in report, and they have used none or very little of it.

    Some of you guys need to get a grip.
 
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