Chinise banks to finance 70% Petromin to fininace 30% if they come on board.
70 + 30 = 100%
Were pretty much fully funded through to production.
Of course i expect another CR, but it wont be to fund the development. The CR should be a samll one, for working capital + contingency. So maybe add another 300m shares to the register, thats 1.3 b shares on issue...
If NFC take an equity stake we might not even need to do a another CR.
MGO Price at posting:
18.5¢ Sentiment: LT Buy Disclosure: Held
