The biogold business in China should be in their hands soon specially after ANZ has chipped in half the funding. Expect this one to run once they secure the other half of the money. Maybe shares are down because market expects a placement of some kind rather than debt??
The Solomon islands seems to have stabilized and their mine shouldn't be too hard to start producing. Plenty of gold but has had a few problems and therefore as many owners. The Solomons needs this mine to operate as in the past it has provided 30% of the country's GDP.
Company will have a bit of debt to carry but its assets, I believe are more than worth it. Current prices are a bargain but please DYR and tell me if you agree or not.
MIC Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
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