Author questions whether Citigold (CTO) is a legitimate investment after due diligence reveals court evidence that its mine is not production ready.
CTO.AX — AVOID Author argues Citigold is not production ready, contradicting a prior claim that its mine is 'soon to be production ready'. Court evidence shows the mine lacks an electricity connection, hazardous blasting storage, a permitted tailings facility, an Environmental Authority, and has zero employees, so it cannot generate mining cash flow near term. At A$0.016 the stock is highly volatile, with a 0.1c move equating to 6.25%, adding further risk.
Hardly production ready.
This Reddit post, published January 05, 2026, features u/TransportationNo723 discussing CTO.AX. 1 trade idea extracted by AI with direction and confidence scoring.
Speakers: u/TransportationNo723 · Tickers: CTO.AX