These are the lowest CTO share prices since May 2005. Gold was then trading around US$400.
Could CTO be heading back to the 2000 lows of 4 cents?
CTO has crashed from a high of 58 cents in August 2006 when the market gave some credence to CTO's claimed gold production aims. Gold was trading around US$600 at the time.
With such a shocking share price performance in a gold bull market since then, a decline of 83% while the gold price has risen a further 80%, can we dismiss out of hand a CTO share price of 4 cents?
pound pound pounding away at 10 cents ..., page-3
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