Yes Michael, we still have a 10 million line of Credit...
IK decided it was best to offer the cheap shares/oppies to Current holders as they deserve this oppertunity and its less risky...
If we issued 20 million shares to Fortrend and they decided to offload right away that would be crap for all holders,,,
IK made the right decision...We need to get some good news,results and we can use the 10 million facility at a later date IMO...
Market wants other news from MNM besides the BCE right now...We are going to do just that,,,increase our gold JORC and hopefully get a few good drill results/grades. Quicker we more on Mt Mulligan the better also.
This facility may also be a bit of extra security for MNM especially after the GFC, more options the better...
notice received, page-42
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