They haven't got an open pit mine running yet.
But they want to re-open a narrow vein mine which was almost bankrupt and closed down by the state of Colorado earlier this year because of pollution and illegal mining.
http://www.mancostimes.com/article/20130718/NEWS01/130719823/State-shuts-Red-Arrow-Mine-
I wonder if the New York hedge fund that promised to inject $25m (according to the CEO) was Platinum?
http://www.denverpost.com/ci_23635782/danger-at-mancos-gold-mining-operation-downplayed-by
"Liukko said he is in the process of filing a lawsuit against a New York hedge fund that had promised to invest $25 million in Red Arrow but paid him "only a fraction of that."
"We still believe there is a very rich deposit there," Liukko said.
Records found by inspectors in a Red Arrow building showed that the mine in recent times had been producing one to two ounces of gold per day."
Sentiment should read "Abandon ship!"
- Forums
- ASX - By Stock
- AYN
- you've got to be kidding
you've got to be kidding
-
- There are more pages in this discussion • 23 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AYN (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, MD & CEO
Anthony Noble
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online