Citigold Corporation Limited (AU:CTO) has released an update.
Citigold Corporation Limited has released a market announcement detailing correspondence with the ASX regarding its half-year financial report and the independent auditor’s review. The discussion focuses on the company’s external borrowings, reliance on future capital raising, and the conditional nature of its resources exploitation based on adequate capital acquisition. The company’s management remains confident in the value of its projects, despite potential impairment considerations.
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