CTO citigold corporation limited
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Just spoke to the company. Wow, they make it...

  1. jantimot
    30,924 Posts.
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    27/06/12
    16:08
    Post #: 10360399
    Just spoke to the company. Wow, they make it complicated.

    Somebody is talking to them about taking over the company. No bid has been received yet. They MAY know more tonight, in which case they will announce tonight if they can.

    If they do not receive a takeover offer, they will be doing a placement.

    There you go - clear as mud! Why they phrased it that way in the letter to ASX, I don't think they know.
    CTO Price at posting: 6.0¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 5  Upvote
    lightbulb Created with Sketch.  Great analysis
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