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Mira Resources Corp V.MRP

Energy Oil & Gas E&P


TSXV:MRP - Post by User

Mira Resources Corp > down 22 %
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Comment by WarrenMuppeton Nov 29, 2011 5:26pm
368 Views
Post# 19276380

RE: RE: RE: RE: RE: down 22 %

RE: RE: RE: RE: RE: down 22 %Even if the TSB1 production tests were a success, then Mira would still have to finds funds for TSB3 appraisal, and also 100% of the funds to get to production. Circa $60m.
If this production test is a failure (which looks likely after today's trading session), then I seriously don't know what is left of Mira Resources as company.
The whole thing stinks. Not because it was a risky play (we should all have being aware of that), but the sell-off from the mid 30's. People were tipped off, simple as. 
Stinks!!!
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