hands up ...

Anyone who is sitting in profits in CTO with CTO trading at 7.5 cents?

So CTO has 10 million ounces of gold. And a market cap now of just $83.2 million.

That means the market is valuing CTO's gold at AUD$8.32 an ounce. That's less than US$8.00 an ounce with gold trading at US$1540.00 an ounce.

Got to admit, something doesn't quite seem right there.

The market is telling us that CTO's gold is practically worthless imo. Now the market isn't always right, but I reckon it's got a pretty good chance of being right here.

Woof. Woof.

PS: I believe Management's pay should be linked to the share price at the end of each calendar month, as should Management's pay for most companies imo. Basically, if the share price doesn't perform then Management shouldn't be paid.

For starters:

A share price below 10 cents = no pay for the month.
10.5 cents to 14.5 cents = $3,000 for the month
15 cents to 19.5 cents = $5,000 for the month
20 cents to 24.5 cents = $10,000 for the month.