CTO 9.09% 1.2¢ citigold corporation limited

underperforming or just bad communications.

  1. 18 Posts.
    The more I hear about CTO, the more I realise that their problems are not under-performing but bad communications. I spoke to a company rep yesterday - of all the guys that I have spoken to there, he is the most realistic. He told me a few things:
    (1) The company did make a decision in the last 6 months to partially shift direction and focus more of their energies on development. This partially explains the lower production results. Unfortunately, they didn't promote this shift of direction very well.
    (2) The method that they use to measure the 40,000 oz per year is over a full year. They believe that they are on track to make that target with the previous quarter being the first. The target is not 10,000 oz per quarter but 40,000 oz per year. He believes that they will still be under 10000oz next quarter but is still confident that they will reach 40,000 oz in 2007/2008, so they are hoping for a big first two quarters next year.

    It seems to me that their problem is over-ambitious targets made in the past and some poor communications.
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