CTO 25.0% 0.5¢ citigold corporation limited

For the hundredth time, yes the directors made forecasts before...

  1. 183 Posts.
    For the hundredth time, yes the directors made forecasts before funding was obtained, yes it was a mistake... but the bottom line is:
    -cto now has funding, up to $35m
    -cto got funding in October 2008
    -electricity upgrade was also completed around then
    -it takes at least 6 months to develop each face
    -therefore basic maths says production won't ramp up until at least 6 months after October. We are barely there now, so nothing will be reported until 31 July.
    -we are in the here and now, not the past.
    Now if you want to torture yourself by living in the past then fine, but don't drag others down with you!

    I will make the following statement and will it make several more times before Quarterly due out 30 April:
    "Do not expect any increase in gold production in the upcoming quarterly".
 
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