"My understanding was that Mantle previous claimed R&D rebate for drilling and exploration, which was paid in cash. So not sure hope that would work if they were paid in share"
An expense/fee is still and expense/fee whether its been paid for by cash or by shares....
The company has still spent that money and that will still be recorder in the financial statements per normal...
In this case Consultation fees will still be debited/expensed at $6000 as normal...
I don't think it will make a difference whether cash is reduced by $6000 or more shares are issued for $6000 worth...
Bottom line IMO is MNM spent a certain amount of money and it been paid for...
My point is,,,,If something is considered R & D, I don't think it will matter how its paid...
MNM Price at posting:
3.6¢ Sentiment: Buy Disclosure: Held
