mun rides again , page-5

rogerken

Same here. With a bit of luck it could be back at 15-20 cents next year if their plans can be implemented successfully. As long as they can generate revenue to cover costs there is hope. Getting rid of the Brazil operations is unfortunate now that the Brazilian court has ruled on the environment issues (MUN is just a tiny player in this issue which I understand affects 25 companies, including mighty Vale who I suppose funded the court challenge).

It is interesting that it is Anglo Pacific that wants its money back, despite being a major shareholders. Makes me wonder if they want to get hold of the assets on the cheap by driving MUN down.

Good luck. We will need it as there seem to be more issues than I had imagined, including unpaid tax by the former owners of the Brazilian operations.

loki