I think the company is simply keeping investors informed on developments - no joy about the access road before Christmas but good news on the Peru project which is showing increasing potential.
I am expecting that the December 2010 quarterly report will be close to cashflow neutral. The gold price is holding up very well while some of the expenditure planned in the December quarter will not take place until the March quarter. Any body else have any views on this?
I do not understand why they did not seek approval for the road etc a long time ago - another example of poor planning.
MUN is reduced to a hold sentiment in my estimation, as they need the revenue from Crista/Olhos to fund the development of the Peru project.
loki (come on Mundo. come on)
MUN Price at posting:
15.0¢ Sentiment: Hold Disclosure: Held