MUN 0.00% 4.8¢ mundo minerals limited

New trucks, new processing equipment and yet they still are...

  1. 5,661 Posts.
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    New trucks, new processing equipment and yet they still are unable to increase production levels. Shows that Engo' site is of very poor quality / quantity grades.

    Without road to future new sites this Co will not make any progress.

    Only thing to hope for is that gold stays at the high spot gold price levels.

    IMO....JL saw the writing on the wall that this Co is heading nowhere and thus he resigned.

    I wouldn't buy any shares now or take up any capital raising now till such time as road approval have been formally granted and road has been built to connect with the processing mill.

    I also think S/price at present is been artifically sustained at the 12c level. I think once C/raising is finished that S/price will fall down as low as 8c level.

 
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