Another quarter were they won't be producing much gold (due to the actual mine or cashflow problems). I am more skeptical than ever with CTO. If the Warrior mine has the potential to do well (assuming no cash flow issues) they wouldn't have raised so much capital given they keep preaching it will start generetating cash flow positive returns soon.
My guess is that the Warrior mine isn't meeting their epxectations (hence no details each quarter) and that they are hoping to dig up another hole to find gold which isn't in the first one.
Not looking good at all :(
what the market is telling us ...., page-9
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Last
0.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $13.5M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.5¢ | 0.4¢ | $4.993K | 1.165M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 3403261 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 7556171 | 16 |
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| Last trade - 13.17pm 06/09/2024 (20 minute delay) ? |
| CTO (ASX) Chart |