answer to the letter

Hi there in Australia.

This answer i recived today!!!!!!






Dear Mt. XXXXXX,



In response I can note;



We are already in the process of stopping all exploration and drilling although results will continue to come in for some months



We have cut back on all non – essential costs



We are focusing all our effort and funds on increasing silver production as described in recent press releases



We are now selling silver as it becomes available which can take up to a month after production at the mine



Some of the other points you raise will be addressed in the Quarterly report, due out soon. We cannot give estimates of silver production or costs of production until we have experienced several months’ production after the plant/ process upgrade comes on line in the very near future



One reason for the share price weakness is that I believe one or more New York based hedge funds who own shares in Macmin have been selling to meet redemptions – they are caught up in the world credit crunch and must raise capital. There is nothing we can do about it



Yours Sincerely






I hope MMN will stay alive !!!!!!

Did someboddy else got an answere???