All,What are the chances of picking the worst gold stock on the...

All,

What are the chances of picking the worst gold stock on the entire gold market of stocks. According to Goldnerds there are 319 stocks with considerable gold interests i.e. not necessarily purely a gold miner.

and how many producers? 50.

So you can see how statistically I would have been better off throwing a dart rather than wasting time "researching" for this dog.

Anyway I bought Goldnerds to help pick a stock, I saw that CTO regularly came near the top, so I read all the annual reports and announcements...you know.

"CTO are cheap because we use electricity not diesel", CTO proclaimed (but stuffed around with Ergon and suffered major delays because CTO sat on their thumbs),

"...and there is a local town so no fly-in but regular stable work force." oh goody low costs...

I even read the JORC that said there is 13.5g/t (but I see that always it is rounded to 14. The JORC has never been upgraded.

Go and have a look at CDU where they never upgraded their JORC for 4 years. When they did a month ago the sp fell 50% See any similarities emerging here?

oh..and CDU also had a paranoid MD afraid the "suits" would rob "his" resource at less than fair value, so didn't do a JORC because it would only benefit the suits...yeah, right. Again see some similarities here.

If CTO resource is so great, and there is 13.6 g/t average, then why not just mine the lot...why this arcane theory of pods of gold? This really worries me because CTO have no idea where they are...do they exist, has anyone identified one> A bit like flying saucers. (I dream of a specific MD's alien abduction happening - "Oh my God, they did horrible experiments on my body , but I kept telling them..I don't have any gold, only fiat gold - you know, paper gold called CTO shares. We just print up some more and we are rich")

CTO lately have curled up into a miniscule ball. No announcements..nothing for months trying to avoid any spot light. All previous announcements have come to nothing eg listing in Dubai was a waste of time, plans to list in Singapose (dumb idea - should be HK) but didn't happen - fortunately.

$18m finance secured - yep, in your dreams, nothing happened. Chinese partners come and go - nothing happens. $2m lobs in ... for a 10 mill oz mine this is embarrassing, smell of oily rag financing. Nothing on how to find pods. NEVER any reporting of tonnes and grades.

Even Diggers and Drillers fell for the spiel I did, and bought at 0.41, but after two years no-one answered the phone when D&D rang so D&D ditched CTO fast (literally they rang and no-one answered!)

Plus last year CTO with held information from the market and stepped forward recently to to the ASX and received a sound thrashing with a feather of $33,000. The amount was trivial but clearly demonstrates the lengths this mob is prepared to go.

Give me some TU please so this posts resides at the top of the stars on the CTO page as a warning to any stranger who wanders carelessly to this stock.