I had a look at IBML website and it appears there projects do not offer much to MNM shareholders. All they really have is the cash so I am not 100% convinced that IBML brings much expetience to the board of MNM so I certainly hope Ian remains the boss and makes the final calls. Ian is the one who will make our gold projects work. I also think the 30 million options at 3 cents is to generous but I am assuming here the consolidation has been completed which should give us a share price of around 18 cents so why options at 3 cents. This is certainly good deal for IBML but not sure about MNM shareholders especially those that were buying in when the shateprice was much higher. The only good thing I can see here is the $16 million but that amount doesn't last long either especially if they waste to much on the copper asset overseas.
MNM Price at posting:
1.5¢ Sentiment: Buy Disclosure: Held
