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CTO - Citigold Corporation

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Failed at $0.55, and looking shakey. Time to bail for short term punters or could be a buying op at support around $0.45 IMO.

I still don't hold.
 

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Well, it's getting into buy territory for me now. Should be good support between $0.33 and $0.35 IMO. All the fundamentals are still there.
 

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The first gold poor is due at The Warrior mine in October. This hasn't been ann yet, so will be interesting to see the response once they start actually shaping bars.

CTO have 10m oz inferred resource in the Charters Towers project. Unhedged of course.

Chart wise it failed above $0.50 when POG drifted lower. Found good support as expected (see above) around $0.35. $0.40 looks to be new support level, with $0.45 resistance.

Gold going up leading into and after the US mid terms will push this one up, and with first gold poor due could be going places.

Not many mining leases in Australia with 10m oz au in them!

(I did pick some up at ave $0.38)
 

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Yeah, you've been calling this one well Kennas. And as you say in the chart - it's going up.
If everything falls into place we'll see gold break above $602 and start to run up towards $700 again around the same time as Citigold start selling oz's.

This has been my best investment by far, still holding over 100k - some bought at 11c. Will top up more when funds available.
 
Could be getting ready for another breakout run...
 

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Yep, I'd be worried about it breaking down from that triangle though. Below $0.40 is looking dangerous.
 
Hi all

For the last 10 minutes someone is buying $200 + parcels at 43C every 30 seconds. Anyone know why someone would do this?
 
ned1 said:
Hi all

For the last 10 minutes someone is buying $200 + parcels at 43C every 30 seconds. Anyone know why someone would do this?
Click to expand...

Bizaar. No idea.
 
Good ann today, everything at Warrior is on track.

Over 10 m oz JORC at the Chaters Towers project. A pitty it's not all in the one hole.....Still, massive resource base, one of the biggest in Australia.

Just drifting sideways last week or so making some slightly lower highs.

Found it hard to make it back through $0.45. Maybe this news will send it off? Good support for the minute at $0.40, but could test it if POG breaks down.

But if POG makes a break through $640 then I'll probably be on this one, pending any other news from the company and relative price movements.
 

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Might be breaking out. I'm in @ $0.47 for a chance play. Stop $0.42.
 

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Well, I thought it had broken through $0.47 but it's been held up . Bit of past resistance here perhaps. Still seems to be generally going up recently. Hopefully gets through this traffic and $0.47 becomes support. Perhaps $0.45 is support now?
 

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Consolidating at $0.47 and forming a little pennant, on an upward move. Bullish to me. The actual break through this resistance point never occurred as I had hoped earlier. I jumped the gun a bit. Still, this consolidation is good and it seems to have occurred along with POG at $620-30. Still happy with the trade, but getting impatient for a push upward. A push though $0.50 and I might top up, as that will probably occur with POG going through $635/40ish.
 

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Be interesting to see if the first gold pour will kick the price over the 50c barrier...The real interest will come if the infill diamond drilling program continues to prove up the resource and verify the ore body as predicted...perhaps 70c by jan
 
Just announced first gold pour this morning from Warrior. Might be ok for the sp today.
 
would have thought the first gold pour, pog up and unhedged would push the sp up a little more.
 
Thanks for the all the charts on CTO Kennas!

Where do you think it will head to from here? Support at 45cents?
 
Hhmm, off a bit. Strange.

Yep, should be support between $0.45-47.
 
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