re: Ann: Market Update - Brazilian Debt Stand...
Anouncement Out....Significant debts of US$8.2 mill. Engo" mine closing down, sale of surplus Engo' assets, I wonder if that will mean processing plant also .........IMO, Obviously Engo mine has run out of gold.......Crista project will probably be no better....Co running out of money to do anything....IMO, I don't think we will see the Co return back to the ASX as Co will most likely be unable to meet debt repayments and ongoing costs. One would have thought that if the Torr" prospect in Peru was as Good as Co says then the bankers/financiers would have demanded some significant interest in that project.
MUN Price at posting:
4.6¢ Sentiment: Hold Disclosure: Held