I agree his reasons look a bit thin. I would have thought being in production, (albeit small so far), unhedged, debt free, independent cash flow and curing some of the production bottlenecks would be more important than cash on the never-never. The problems in the US, with investors switching to gold and gold companies, pushing up the gold price would seem to be more significant.
the speculator buys cto, page-3
Add CTO (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $12M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1239000 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 13977544 | 24 |
View Market Depth
| Last trade - 16.12pm 15/11/2024 (20 minute delay) ? |
| CTO (ASX) Chart |
Day chart unavailable