Whilst I admit wholeheartedly that the rent-a-crowd/attack on the MGB Director will be a reason for the CDO not being lifted, there will be other reasons that have been cemented in the minds of the MGB personnel.
The main area of concern will be that RED/Greenstone made changes to their mine without the approval of the various government departments, including the MGB and the Environmental Department. That’s why there are no ASX reports from RED that state they have applied for and have had such changes approved by these government departments. They were never applied for in the first place. It is therefore likely that the Philippine government has been investigating this element of RED’s work in the country which only adds to their Innocent Mistake woes.
RED Price at posting:
9.8¢ Sentiment: None Disclosure: Not Held
