New to the thread. Thanks everybody for the info. Here's...

New to the thread. Thanks everybody for the info.

Here's something I feel I should add regarding that German report somebody posted. I read German, and that report has me worried.

Martin Siegel of 'Goldseiten' (goldpages) website has been covering Citigold for years, and over the years they kept lowering the buy price (to 15c in their second to last report, which was August 2008),until finally, in their last report dated March of 2009, they recommend to sell the stock.

Some reasons have already been addressed in these posts, most notably that Citigold keeps missing their estimates.

However, what worries me almost more is that Siegel writes (and from what I gather they are a pretty respectable firm, covering gold), that Citigold is masking the real cost of their gold production on their balance sheet by putting it under exploration costs.

I'm not much of a financial statement expert. Anybody care to verify this? Citigold promotes the notion of being a low cost gold producer, so the fact that that may be misleading information based on this report does not appear to be favorable. Anybody care to comment on this?

Also, somebody on this thread wrote that they've actually visited the mine, and it seems like things are going well. If whoever visited the mine could elaborate on their experience of being at the mine that would be great
great.

Lastly, I'd love to know what kind of a reputation Mark Lynch has. I have tried to find out more about him, but haven't come across any info. I only know that it was his dad who put the whole thing together, and that a company pretty much lives and dies by what kind of a person its CEO is.

Any input on this post would be much appreciated.