Seems as if even the ASX also has some significant concerns over the long term financial fundamentals of this Company. This is going to hurt the share price and turn off investors big time for a very long time to come. This report as Isee it is ... the quarterly that broke the camels back. I see next week SP trading at say 6-8c levels.
It was a bad quarterly report:
* High cash burn rate * Production down at Engo should have been at least 6,000 plus Ounces * Production costs well up again * Gold grades down again ( if they can't get it right at Engo then what hope is there for Crista * No mention of what costs / oz at Torrec project was. * Gold production at Torrec was about 500 oz less than last quarter
Was there anything good in that report that I had missed. Please let me know ?????
MUN Price at posting:
8.9¢ Sentiment: Hold Disclosure: Held
