Madaz, you live in dream land, the first tranche on the loan is $18M, TNC has allocated $13M to refinance the Rehab to the DOR/DES Qld Gov, $5M to repay a private loan....All gone! Of the $10M raised recently its all gone as well! Admin/Staffing Costs/Exploration. Current cash position as of 31st Dec is $1.63M, that's it. Tranche 2 will be paid when mining/production starts. How can you start with $1.63M? The Cairns office will dissolve that each month. Sorry to say, but its not looking good. My guess Marty will be gone by mid/end of Feb. Sorry state of affairs!
TNC Price at posting:
9.2¢ Sentiment: None Disclosure: Not Held
