CTO 0.00% 0.5¢ citigold corporation limited

remaining positive, page-6

  1. 230 Posts.
    We can all bank on the quarterly coming out on the very last day. I fear they might be running low on cash again and have no doubt this is also what contributes to the missing of targets. They are running on the smell of an oily rag and would not have budgeted for plant breakdown, further egress etc and it all costs big dollars. They would have to spend in these areas to the detriment of stope development, therefore lower production. I will be interested to see just how much they did manage to produce for the quarter. If it is well below the 5,000oz then I cannot see them improving things that dramatically for the December quarter to produce 15,000oz.
 
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