"Newbies need to weigh up the consequences of insufficient funding and the danger of a CR."
"Newbies" (as dumb as that term sounds) should think for themselves. Has the possibility of a cr that you and Merch were ramming down our throats for months stopped MNB from moving from 3.7c to 5.4c? Let me answer for you; No. So why should it stop the sp with the market likely now anticipating a favourable outcome to loan approvals which could spike the sp by 50% or more?
KTA is about to start a diamond drilling campaign with less than 1.5mill cash at the end of March. The sp is up 50% today on news of a start of that drilling. To me, that start of drilling increases the need for a cr but it's still up 50% today.
MNB had $12.5mill at the end of March, prior to receiving tranche 3 SWF payment. Loan drawdown expected by next month for IDC. Possible loan approval at any time from now on for Bank BAI.
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