The Liongold bubble has burst. Look at the closing prices for Liongold: Thursday, October 3rd $ 1,51 Friday, October 4th: $ 0,88 Monday, October 7th $ 0,25 Today, October 8th $ 0.19
Also read Kip Keen on Liongolds failed financing: "To fund acquisitions, LionGold planned back in mid August to raise S$202 million at S$1.11 a share with three firms, Platinum Partner, Carnegie Hall Group and Spring Road Adivsors. Of course, now trading for less than a quarter that price, it becomes improbable firms would take up LionGold shares at S$1.11 – if they already haven't – which in turn would limit LionGold's access to fresh cash to spend on new and ongoing acquisitions." http://www.mineweb.com/mineweb/content/en/mineweb-junior-mining?oid=207739&sn=Detail
If I were Citigold, I wouldn't try to hold my breath waiting for Liongold money.
CTO Price at posting:
4.8¢ Sentiment: LT Sell Disclosure: Not Held
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