Can Our Management Figure it Out? Found this interesting...
Concurrently, Maudore has informed Eagle Hill Exploration Corp. ("Eagle Hill") that it will no longer pursue its proposed business combination between the two companies.
Mr. Tomlinson added, "We continue to believe in the merits of a transaction between Maudore and Eagle Hill, especially considering the added benefits and synergies that our acquisition of NAP Gold would bring to a transaction. However, while our discussions with Noront and Eagle Hill were constructive, we concluded that it would not be prudent to pursue the transaction as it was structured, particularly given the significant decline in market valuations affecting the gold sector. We are determined to concentrate all our efforts in creating shareholder value through the development of our projects and gold production. "
Don't waste any more time learn from this example focus energy on (As many have suggested on this board):
the 18.5 million debt due in June, Increasing production and profitablility, exploration and don't rollback in this climate.