CTO citigold corporation limited

Hi Karlene, I can well imagine it holding some sentimental value...

  1. gmt
    8,242 Posts.
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    Hi Karlene,
    I can well imagine it holding some sentimental value to you as I am sure the Mine and the dream has sentimental value to the original substantial holders. Unfortunately it seems the initial business plan / model of trying to keep a tight grip on control and running the operation in a piecemeal manner has been its downfall in my view. Outlandish and overly optimistic statements about expected gold recoveries and ramp up early, particularly once Warrior went into development , did not materialize or fell well short of expectations and subsequently the regulator became involved which saw some of these statements retracted. We have seen it go from and explorer, to a miner to a gold producer and back to an explorer and now, a capital raising enterprise? At 2c it probably is worth a punt to new money, but it certainly won't be seeing anymore of mine in the foreseeable future.

    DYOR My thoughts and ramblings only
 
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Mkt cap ! $9M
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0.4¢ 0.4¢ 0.3¢ $3.742K 1.230M

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24 17165748 0.3¢
 

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Price($) Vol. No.
0.4¢ 1613468 7
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