Ive been searching every bit of news and releases for some indication where they are at in terms of getting rid of Mt Muro.
Found this dated 5/8/13
http://www.canningspurple.com.au/News/130805SRQb
“Our first preference has always been to try to turn the operation around. However, a weak pricing environment, and the recent disruptions on site have impacted our ability to continue to fund the mine until the operations can become cash self-sufficient. The Board has decided that the continued allocation of material funding to the Mt Muro operations could potentially risk the future of the group, and has made this difficult but necessary decision in order to conserve shareholder value.”
“We are working hard to find potential buyers for the asset and are in preliminary discussions with several parties.”
i had a chuckle when I read the boys have let the mine flood. I think the the illegal miners will need scuba gear now.
Flux
SRQ Price at posting:
0.9¢ Sentiment: ST Buy Disclosure: Held
