Wonder if the board at RNG will look them over??
They are looking for close to startup projects.........
January 8, 2009 - 5:29PM
Gold explorer Goldstar Resources is the latest casualty of the global financial market meltdown, with the appointment on Thursday of voluntary administrators of the Perth-based company.
Goldstar was close to starting production at its Walhalla-Woods Point gold field in Victoria's East Gippsland region.
It had only $1.8 million in cash at the end of the September quarter.
Chairman Gordon Hill noted in an address to shareholders in late November that Australia had not been immune to the international economic slowdown, with junior resource companies including Goldstar experiencing ``an extraordinarily difficult period'' in 2008.
The administrators, Brett Lord and Craig Crosbie of PPB in Melbourne, were being sought for comment.
Shares in Goldstar were steady at 3.3 cents at close of trade on Thursday.
Wonder if the board at RNG will look them over??They are looking...
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