MUN 0.00% 4.8¢ mundo minerals limited

Engenho has been a disaster from the very start. They got the...

  1. 2,432 Posts.
    lightbulb Created with Sketch. 30
    Engenho has been a disaster from the very start. They got the ore-body wrong and it will never be a going concern by itself. Until the new Critsa pit is up & running Engenho has no chance of making any returns for shareholders. The workers are still receiving salaries and they couldn't care less about shareholders. It also seems local govt authorities may have the same feeling about MUN shareholders as we are still waiting for the road approval. With Engemho mothballed until Crista is ready to start might give an incentive to the tardy authorities.

    Put Engenho on C & M only restarting once the Ccrista road is complete and Crista ore can be blended with the dud Engenho ore. They should concentrate all their resources, efforts & funds on Torrecillas as at least this ore body has grade & a proven track record.

    MUN is touch & go for survival and I find it disappointing Langford abondoned shareholders at a critical point.
 
watchlist Created with Sketch. Add MUN (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.