Mtl15 Dec 2018 12:27
The share holders and bank have been with them through thick and thin if they can restructure the debt this will get to 2p in a flash so place your bets or sell up. The risk is yours no one elses.
The Company has continued to invest in the local community through Social Development and Management programs, sponsorship of education and on the job training, stewardship of the natural environment and ensuring that we maintain strong relationships with all levels of the community. A significant portion of our workforce is employed from the local community and form the backbone of our operations.
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We take protecting the environment seriously and this manifests itself through a number of programs that the company undertakes each year. Not only do we undertake mine rehabilitation as soon as practical after the extraction of the gold bearing ore, we also plant in excess of 150,000 trees annually with a total of almost two million new trees planted as a result of the Company's efforts or support to date. Our processing operations operate at a very high level of monitoring to ensure that its waste product that is released from the processing plant and deposited in the Residual Sediment Impoundment (RSI) is fully compliant with the Operation's Licencing conditions and is neither harmful nor toxic to the environment. The processing plant itself includes world leading practices and processes to ensure a performance that we can be proud of. Protection of the environment is a core value of the Company and its people.
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The regulatory burden in the Philippines remains including some of the most stringent environmental covenants in the industry. The Company continues to successfully navigate this environment with the help and support of the staff of the many Government and regulatory bodies, which is greatly appreciated.
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We have enjoyed the support of the senior lenders and shareholders, who have worked with the Company's management to ensure value is retained within the Company.