us$2m received sale of cuiaba gold project, page-4

Cuiaba was a project the company was developing in Brazil. It was going along quite well. Company needed more money about the time GFC came along, so company sold cuiaba project for 5mill in cash. That is what this announcement is about, next installment payment coming in.

So, the bad news was that they had to sell off a promising prospect to raise cash, but hey, even RIO has had to sell off some of the crown jewels. The good news is that they sold it off for a good price that gives them the cash to operate for a couple of years and develope some of their very promising other prospects!! And Bonus!!! They didnt have to sell stock and dilute the shareholders to do it!!!

As always, DYOR, and good luck to all!!