There is probably a chance they'll sell the gold projects, and use that money for further development, rather than have a capital raising. I'm not sure that is the way I'd go though, especially without at least sinking a few more holes into the gold ground first.
And I'm still trying to find out the real reason for the CEO leaving, old news now I suppose, and not important anymore, but the nevertheless, it's interesting for me.
I've always thought it's a pity the deposit is not close to the coast, so it makes sense to investigate down stream processing in place, if possible, and if at a reasonable price.
Gw
MLL Price at posting:
13.0¢ Sentiment: None Disclosure: Held