Have to agree. Excellent post SP.
I sold out after the quarterly was released having been a long term holder and believer in the company.
This is a high risk stock, too risky for me.
A number of events could see the shareprice fall below 20c in a flash
- This current market correction turns more severe
- Gold price falls significantly (definitely a possibility)
- Mundo announce a capital raising (not a great time to do so given market conditions and the results from the quarterly)
- Engenho suffers more production problems
At the end of the day, the market is saying Mundo is only worth 30c with gold at $1100US/ounce, and the market is always right.
Good luck to those holding, I hope things turn around quickly.
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