Well that is a bit depressing! With all the history that Max has in Mauritania, you would have thought he could stitch together a deal.
Any thoughts on what they are likely to get for their 'assets' and what the current liabilities are? Do liabilities include future comittments?
Projected spend was 5.3m last quarter, and they had 7m cash.
Something doesn't add up there. A little fiscal mismanagement perhaps.
I might change my sentiment to ST Sell !
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