Guys n gals - for your sakes I hope its a takeover at 10 cents....

Guys n gals - for your sakes I hope its a takeover at 10 cents.

But the reality looks pretty bleak based on past performance and what the quarterly reports and annual report show. Rising debt and very little revenue. Company is not operating as a going concern. Even if it has the potential to become profitable it needs money to fix things and employ miners to dig for gold and copper to get back on track.

Perhaps a new plan to rescue the company is going to be announced.

That would involve more capital injections and massive share dilution. Ashley, all present and past Board directors and their extended family members will head off to Peru to work gratis the mines themselves to deliver ore to the mill, since they already own a swag of shares and feel impelled to save face to all the shareholders that have lost money on their South American eldorado dreams.

Gold - it makes us dream a lot.

loki (but when I have woken up from such dreaming I usually find a financial nightmare, so I now just treat it as just another spec biz.)