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0.5¢ citigold corporation limited

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opalzone

4 Posts.

28/05/20

17:22

Post #: 44900532
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Originally posted by Necdet1: ↑

Ok, thanks.

The info contained in their annual reports, quarterly reports etc, indicate that there is serious gold deposits in the ground...surely this is fact? Am I correct? If this is correct and CTO has strong gold reserves why is it that others have not invested in this company to get the gold out? I do not understand as to why the directors of CTO would decline any good offer which may have come up their way before.

If Mark Lynch was to be replaced do you think it would be for the better or worse? Who founded CTO? Was it Mark or someone else?

I just don't understand the logic behind all this. People say Mark is intentionally delaying progress of CTO because he's on high annual salary (some $600k pa), I agree that this is a very high package to pay for an nonperforming company, but surely it would be to Mark's benefit to get the gold out of the ground? Mark and the other top 20 shareholders will make a "killing" from it. So, what's the reason for holding back? Exactly, what is it that they are waiting for? What's in the foresight of the directors???

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I have been told the trouble with CTO is that the gold is in hard rock. Very difficult to mine.

CTO Price at posting: 0.5¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 0.5¢		Change 0.000(0.00%)		Mkt cap ! $13.5M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
4	3411010	0.4¢

Sellers (Offers)

Price($)	Vol.	No.
0.5¢	7572493	17

View Market Depth

No.	Vol.	Price($)
4	3411010	0.004
15	10787354	0.003
9	10895025	0.002
8	12702988	0.001
0	0	0.000

Price($)	Vol.	No.
0.005	7622493	17
0.006	19946758	7
0.007	2263000	4
0.008	4593671	7
0.009	2370800	4

Last trade - 16.12pm 12/09/2024 (20 minute delay)

CTO (ASX) Chart

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