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Auctus and Co likely to make short work of Mungana

The A$38 million Mungana Goldmines looks like a classic private equity play – able to be easily dressed up and sold off at a very handsome profit in quick time!

Michael Quinn

Naturally that scenario assumes all goes well, and while in the resources sector such positive assumptions are rife, they’re also often wrong. But even so, the risks inherent with Mungana would appear...

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