I think it would have been quite simple to flog everything off For whatever was offered
What they have done looks bloody impressive
Could have just sold the mux shares on the open market
Instead they have a resource of 2.7 million oz of gold And somewhere along the path to production
With what the Chinese are paying for gold assets I would think $50 million would be easy
$25 million is about what they would have got for Mux shares
Really the question I would like awnsered is will they be looking for A CEO before they hand the company back or will the board Look after the company for awhile
Secured debt already retired and MUX and MOO debt retired as well
I doubt if they could have done anything better And management would of surely stuffed it up If given the chance
To me it is lookin like all is not lost Next update should tell the story
KZL Price at posting:
12.0¢ Sentiment: Hold Disclosure: Held