CTO citigold corporation limited

punters throwing in the towel - time to buy, page-4

  1. 1,622 Posts.
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    What worries me is why have they suddenly decided to
    start up a whole new mine? This will involve a whole new
    decline to get down to the gold and this, based on past experience, will take years to complete.

    My logic tells me that it would be far better to concentrate
    on the warrior mine, which already has most of the infrastructure, including decline. This way they could first
    become cash positive, which would push up the share price,
    and later, very cash positive which would help fund
    development of the city reefs mine.

    I keep reading that the gold is there. I am now having
    my doubts - otherwise why would they be going off on a tangent.

    I threw in the towel first thing this morning
 
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Last
0.3¢
Change
-0.001(14.3%)
Mkt cap ! $9M
Open High Low Value Volume
0.3¢ 0.3¢ 0.3¢ $837 278.8K

Buyers (Bids)

No. Vol. Price($)
26 18515526 0.3¢
 

Sellers (Offers)

Price($) Vol. No.
0.4¢ 3203468 9
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Last trade - 11.08am 26/06/2025 (20 minute delay) ?
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