reply from jl about the quarterly, page-11

Mundoites

I have been doing a bit of reading about Mundo and thinking about buying a few shares.

One thing that is putting me off is the low level of cash given all its plans. FatProphets (FP), to which I subscribe, came out today with a recommendation to sell MUN shares as it was likely to need to do a capital raising in the near term, This may have a depressing effect on MUN's share price over the next few weeks/months. FP rates MUN as high risk, but with longer term potenital upside (like a lot of their other punts).

loki