Alex,
SOME companies with great tenements but little cash can continue on with prudent mangement with a tight rein on expenses. Sadly, MHLs management team is neither prudent nor tight with the finances. For all long suffering holders I hope there is a light at the end of the tunnel, but I just cant see a way forward. If they couldnt negotiate a farm-in whilst in the midst of the biggest resource boom in living memory plus oil at $140 a barrel, what hope have they got now?
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