MPJ 0.00% 0.0¢ mining projects group limited

Ann: Annual Report to shareholders, page-37

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  1. 527 Posts.
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    As many of you would know from the annual report, MJP owns 5.8 million shares in WWI, which is around 1.7% of WWI's MC of $8.25 million. WWI has doubled in price over the past week due to finally gaining access to their gold mining site in Indonesia and getting a better understanding of their South African gold assets and better prospects for mining or sale. Both projects have been held up for many years and in the Indonesian case around seven years without much action. More detail on this is available from WWI of course if people want to investigate further but more advances on either or both of these projects should also help support MPJ's SP in coming months and importantly provide more cash to MPJ if and when needed. I got into MPJ via WWI and others have done the same or in reverse. Good luck to all holders.
 
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