CTO 0.00% 0.4¢ citigold corporation limited

SP,You said, Woof. WoofI take it that the dog has barked....

  1. 5,948 Posts.
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    SP,

    You said, Woof. Woof

    I take it that the dog has barked. Twice.

    ..about pay...why are you considering paying them at all? Sarcasm aside, linking pay to sp just leads to short-termism. The real problem has been a Board where 2/3 have no real expertise in mining engineering. In hind-sight going back 3-4 years, there were probably several times they made the wrong decisions and wrong direction. Never considered the downside risk of low gold, the difficulty of the hard granite on wear and tear, sitting around waiting for power instead of being pro-active and digging in the wrong place.

    As a separate idea, the discovery process in legal proceedings can be very illuminating, as is Administration. Very debilitating for all concerned, so I think a deal will be done with the Chinese. 100% or 51%? 5c a share would do it. At least managements claim of developing a mine cost effectively will have been delivered in spades....for the buyers.
 
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