CTO 25.0% 0.5¢ citigold corporation limited

Johnno, Johnno, Johnno....So great to have you post. It so much...

  1. 5,948 Posts.
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    Johnno, Johnno, Johnno....

    So great to have you post. It so much reminds me of when I was so bright eyed and bushy tailed over this stock.

    Oh those salad days, those glorious dreams.

    These days plunging my hand into a bucket of broken glass is more fun than reliving the reality of CTO.

    The fundamental problem is the viens are way too thin and pinch out unpredictable PLUS the need to create two mining tunnels - so the extent of waste is enormous. You can read all about how they didge the reporting bullet on cash costs when they say in the annual report that the raod ways go into capital expenditure for the day when massive profits accrue and the costs can be depreicated.

    The way this thing is going, it will be bought for its loss/depreciation value...not the gold.

    If gold gets to $3000, its worth a look, but highly highly highly....did I tell you? HIGHLY speculative! Even at $3000.
 
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Mkt cap ! $15M
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0.5¢ 0.5¢ 0.5¢ $161 32.23K

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5 852732 0.4¢
 

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0.5¢ 5669717 11
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Last trade - 16.10pm 19/08/2024 (20 minute delay) ?
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