Registered Members Login:
   
Forgotten Your Details? Click Here To Recover +
Welcome To The ShareCafe Community - Talk Shares And Take Stock With Smart Investors - New Here? Click To Register >

38 Pages (Click to Jump) V   1 2 3 4 > »    
 
  
Reply to this topic

CTO, CITIGOLD CORPORATION LIMITED
veeone
post Posted: Nov 25 2014, 04:04 PM
  Quote Post


Posts: 5,055
Thanks: 1115


QUOTE
Citigold could still achieve the targeted 25,000 ounces of gold production for calendar 2009 - "or near enough to it".


Five years on and its no closer to the above............. V1

 
veeone
post Posted: Nov 25 2014, 03:56 PM
  Quote Post


Posts: 5,055
Thanks: 1115


Nil Interest rate..........Just as well when you see the deal they have instead..........10 to 20 percent gain is alot better and 20 million shares to boot.
Heard of highway robbery what would this come under?? Incredible!! This company continues to survive.................off shareholders backs!! V1

$3 Million Funding Agreement
25 November 2014: Brisbane, Australia – Citigold Corporation Limited (“Citigold” or “Company”) (ASX:CTO) is pleased to announce that it has agreed to a $3 million debt facility
to assist in further advancing its high grade 100% controlled Charters Towers gold project.
Highlights:
 $3 million debt facility.
 Term 12 months
 Funds used for general business purposes
 Ensure adequate cash flow until larger capital funding deal concluded
The loan facility (Note) has nil interest rate. The Note is fully drawn at the start by the issue of 30,000 notes of $100 each. The Notes are not convertible into shares. Citigold can redeem the Notes at any time at a redemption cost of $110 per note if within 6 months, and a cost of $120 per note if between 6 and 12 months. The Notes are secured by mortgages over some of the mining leases and other tenure controlled by Citigold as well as the process plant. The Note facility is with CGN Finance Pty Ltd and was brokered between Citigold and CGN
by 1P Capital out of Sydney. As part of the overall deal 20 million shares will be issued. In accordance with the ASX
Listing Rules attached is an Appendix 3B in relation to the shares.
This short term funding deal should provide Citigold with adequate funding to continue to advance mine planning. A low cost mining approach is a key focus. We are looking to
continually reduce our business costs. Productivity will be further improved as we expand Citigold’s highgrade underground mine at Charter Towers using the latest technologies and efficiencies. We plan to compete for the world’s lowest quartile “all in” production costs.
Potential major capital development funding is advancing strongly with a few parties who are enthusiastic about getting involved with the development of the Charters Towers Gold
Project. This recent Note facility will help accelerate completion of this capital funding

 
veeone
post Posted: Dec 11 2012, 09:06 AM
  Quote Post


Posts: 5,055
Thanks: 1115


Citigold has nothing to exlpain the speeding recently.......Well thats what they tell the asx.........
Wonder how long before there is a consolidation?? 1.35 billion circulating. V1

 
mme
post Posted: Jun 27 2012, 07:21 PM
  Quote Post


Posts: 8,076
Thanks: 429


In Reply To: veeone's post @ Jun 27 2012, 04:23 PM

Made good money out of this one years ago and never touched it since as imo it seemed like a "gunna" company. Now it's possibly a "gonna" company and hopefully at a good premium for current shareholders! biggrin.gif


Said 'Thanks' for this post: veeone  
 
veeone
post Posted: Jun 27 2012, 04:23 PM
  Quote Post


Posts: 5,055
Thanks: 1115


Trading halt regarding placement and takeover bid??


I confirm the request for an immediate trading halt in the shares of Citigold Corporation Limited.

This trading halt is requested pending the release to the market of an announcement by the Company in respect of a placement and proposed takeover bid, such release to be made prior to the commencement of trading on Friday 29 June 2012.

Citigold is not aware of any reason why its securities should not be halted.

If you require any further information please do not hesitate to contact me.



 
veeone
post Posted: Jan 24 2012, 03:51 PM
  Quote Post


Posts: 5,055
Thanks: 1115


In Reply To: mullokintyre's post @ Jan 19 2012, 05:43 PM

Reignwood to put in $24.66 million for 19.9% stake and another $25 milion convertible note which can be converted to fully paids later.
Big slice of the company depending on what other shares get issued over that 3 year period. Will it happen??
4 weeks due diligence......certainly interesting given CTO's history. V1

 

sentifi.com

Share Cafe Sentifi Top themes and market attention on:


mullokintyre
post Posted: Jan 19 2012, 05:43 PM
  Quote Post


Posts: 2,132
Thanks: 793


Looking for next gold wave upwards.
Added CTO today.
Chart looks attracticve. Next target 12.

Mick



--------------------
sent from my Olivetti Typewriter.
 
jwlkr
post Posted: Jul 26 2010, 08:30 PM
  Quote Post


Posts: 362
Thanks: 87


A serious case of metal fatigue for domestic holders and investors unfortunate enough to have had prior experiencewith this mob. Chinese players OTOH are probably eager enough, through barely, to snap up any speculative gamble at realizing the prospect of finding stuff in the ground. Perhaps sensible given the need to divest out of nominal USD denominated financial holdings. CTO cap is but a drop in the liquidity ocean that is their reserves.

PS - I've a very minor holding in this purely sentiment driven speculative drivel.

 
veeone
post Posted: Jul 26 2010, 11:46 AM
  Quote Post


Posts: 5,055
Thanks: 1115


You can see why there is little belief in this company by long suffering holders. Remember 31st May announcement:
31 May 2010: Brisbane, Australia – Citigold Corporation Limited (Citigold) (ASX:CTO, FSE:CHP) is pleased to advise that it is in the final stages of completing a $18 million capital raising. This capital raising, through RB Capital group of Singapore and Khandwala Securities of India, will be a combination of debt and equity. Nothing mentioned since.

Todays announcement: 26 July 2010: Brisbane, Australia – Citigold Corporation Limited (Citigold) (ASX:CTO, FSE:CHP) advises that it has received an investment of $2,000,000 from Zhaojin Mining Industry Company Limited ("Zhaojin") through it's wholly owned subsidiary Sparky International Trade Company Limited.

Last sentence in todays:The remainder of the capital raising announcement in late May is still being negotiated and the Company will advise once it is completed.

Hmmm final stages still?? Or back to the drawing board....... V1 ps donot hold just been intrigued for quite some time with CTO.



 
dayz
post Posted: May 29 2010, 11:55 AM
  Quote Post


Posts: 541
Thanks: 43


In Reply To: veeone's post @ May 28 2010, 06:05 PM

Interesting that fundraising is now considered a part of normal business. The touble is that they are suffering 'investor fatigue'. The share price reflects this. Hopefully the JV will save them.

dayz



--------------------
Quisque suos patimur manes
 
 


38 Pages (Click to Jump) V   1 2 3 4 > » 

Back To Top Of Page
Reply to this topic


You agree through the use of ShareCafe, that you understand and accept the TERMS OF USE.


TERMS OF USE  -  CONTACT ADMIN  -  ADVERTISING