LRL 0.00% 2.0¢ labyrinth resources limited

will it move soon, page-5

  1. 40 Posts.
    3 good points Matchbox20

    I don't think Mintails were in a position of power to put in a clause for a better deal for a rising pog. DRD did a number or 2 on Mintails in that regard.

    I also noticed the good results come through from WWI with more results to come this quarter. MLI's annual report said that this gold ore could be processed at MLI's west rand faclity. Conceptual target was for 5M oz and they could possibly be minng by the end of the year as they may have about 400,000oz by end of current Q. WWI is cash strong with about $8M in the bank at the end of last Q.

    With POG continuing to rally, MLI must take a serious run soon. With a little bit of luck and a bit more cash, they could even get WERGO going and be up and running with a good income stream.

    Share price has had a retreat from a recent rally but I would say that it can only go up on Monday.
 
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