Well i have read the report and its seems the management is not confident of mantle diamonds raising enough capital. Even if they do manage to sell the mine i doubt the ability of the new management to find a new project soon. Even if a new project is found capital will be a major constraint considering the fact that more half a billion shares are already issued. I am not very sure of us retail investors been able to get our investments back anytime soon. Well they say" beggars cannot be chosers". Lets keep hoping for the best.
DON Price at posting:
4.5¢ Sentiment: None Disclosure: Held
