we were desperate..., page-7

cmulli,I am not sure Tassie is ready to sell, just yet. IMO this is the reasoning for the $250k spend on more imagining.

I read cash statement and was left wondering does the cash on hand include the refund of Audit exploration cost from the $15.25m or just the $750k share purchase. Will the refund occur once the Farm In Aggrement is signed?

If it does include the refund we have spent $1.2 on wages and Tassie in this quarter, seem a bit high.

I am assuming the HoA stops FNT from talking with other suitors, if any.

As afar as the deal is concerned, access to capital in this market is extremely difficult and I beleive that PM has had no option but to ensure cashflow over the next 18 months. Is it cheap? Time will tell but at this moment I am happy with what PM has done, now let the assays do the talking.