CTO 0.00% 0.4¢ citigold corporation limited

Sold the processing plant and a few mining leases along with a...

  1. gmt
    6,537 Posts.
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    Sold the processing plant and a few mining leases along with a majority of the mining equipment coupled with a few small placements to unknown soph investors and the odd payday loan. Yep the directors seem to be getting paid according to quarterlies.
    They also made a deal about a year ago to provide 100,000 ozs of gold to a crypto currency start up company, gold to be delivered by June 2022 in exchange for approx $100mill payable by June 2018!! Seems the money surprisingly was not delivered and they renegotiating the deal of the century.
    In short they aren’t mining, they owe circa $16mill and the money jar is almost empty, but they have been having a chin wag with a few interested parties for years.

    DYOR. My thoughts and ramblings only
 
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