CTO 0.00% 0.4¢ citigold corporation limited

no debt is important

  1. 614 Posts.
    Given the lack of liquidity in the marketplace (resulting in companies not being able to roll over debt facilities eg: MFS, ABC Learning, Centro and now City Pacific), it is important that any investment target on your watch list is not dependant on debt ... luckily CTO dumped that long term debt facility last year and is now debt free. What this will mean for further capital raising is yet to be seem. Hopefully they will be able to produce enough to keep things moving along without further dilution or hedging contracts. This quarters production figure is crucial I think.
 
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19 13149148 0.4¢
 

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0.5¢ 5729087 6
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Last trade - 10.02am 11/12/2019 (20 minute delay) ?
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