Have to agree. Excellent post SP.I sold out after the quarterly...

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.