I can't work out whether these guys are utterly incompetent or hiding something. Reading back through their gold project announcements, the news releases on Mission and Cables are full of repetition and ambiguous statements which are well off being JORC compliant. The quarterlies also list a second tenement which was under application for about 10 years before being refused by the DMP. Then, to cap it all off, they forgot to renew the Mission & Cables tenement so it expired in March and was pegged by other companies. It's still listed on the website though.
Mission and Cables were bought for the equivalent of $650,000 in scrip and they completely failed to generate any value; in fact that $650K has gone down the gurgler.
LRR Price at posting:
0.1¢ Sentiment: Sell Disclosure: Not Held
