Unexpected? don't you read the quarterlies? Its all there in black and white. At the end of the Sept quarter they had $43k in cash and over $15m in debt They did not have a financial settlement. The companys silver assets were not capable of anything like that $30m per annum They have never turned a profit. They never met production guidance from the previous 2 owners and in the time period you specified they were supposed to be producing 90,000oz per month according to MR public guidance. 'Out of the blue' it goes into luquidation? Are you kidding me? it has been living hand to mouth for years - didt you see all the loans the directors had to make to it to keep it afloat after they burnt cash EVERY QUARTER
Anyone who claims to be surprised at the failure of this company has not been reading the public announcements. What is the mystery here?
MRV Price at posting:
0.3¢ Sentiment: None Disclosure: Not Held
