BR, that just adds two more snippets of news that IK could announce before the mnmoa expiry. MtM tenement handover and costs claimed, add a drilling program and that project alone could double our mc.
The MNM threads of late, along with the sp, have been dire. But ask yourself. Will the MNM chairman (and largest shareholder) allow his ceo NOT to do all in his power to get the oppies over the line?
With the sp hanging around the 3c mark for an age surely they will jump at the chance to get about $5 million raised via oppie conversion. No fees or fee shares/oppies to the instos, who then drip feed sell their holdings and keep the sp low for the next cr.
If I recall correctly, we now have two geos on the payroll. What work have they been doing of late? They must have some news on a few of the Qld gold projects and possibly more desktop/field work/drilling plan for some of the LV tenements.
Then there is news beyond the timing and control of IK; Brown Coal Pilbara media launch by the Vic/Fed government, Exergen listing, jv in LV with Shanghai Electric?
With all the projects on Mantle's books IK has many options to come up with good news anns. Ask yourselves, is IK more likely to try and get the mnmoa options over the line with a string of good anns over the coming weeks OR just let them (and his own three million mnmoa) fade into oblivion?
MNM Price at posting:
2.6¢ Sentiment: Hold Disclosure: Held
