RE: Article - Gold $3,000 by 202125 Apr 2020 07:53
I would like to think there will be an operational update next week , hopefully it will include commentary concerning the financial position, the conflicting party is playing Russian roulette with the Philippine authorities who, at a stroke, could make things very difficult should any attempt be made to change ownership of the mine.
Another aspect worth noting, as commented by the recent article on Sh@reprophets, is they could only account for $12m of loans provided by the major shareholders yet it is stated MTL owe them back $59m, so interest, penalties and fees account for the rest, that is amazing.
I maintain it is all about greed, under the current climate a very bad move by the conflicting party, hopefully sense will prevail.