MHL 0.00% 0.3¢ monitor energy limited

ann out...., page-19

  1. 13,252 Posts.
    Look guys, I think MHL are playing things closer to their chest than their telling us. I am pretty sure that we will
    have the J.V fully signed and we won't see the gravity survey until after Sentry signs. As for the higher cash burn rate, Gravity survey would not be cheap to interpret and payment of staff in K-stan all of which will be reimbursed when Sentry signs. Once cash is reimbursed we will probably have funds for 12 months. If the siesmic survey can be done this year with a lead up to drilling next year you'll find the market a lot more receptive to place funds once siesmic can show oppertunities. I really think things will be signed and resolved a lot earlier
    than we think.

    P.S naccra I said that the 90 days started on the 11th of April I was wrong mate it officially on 7 th ofApril I aplologize
 
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