First $750k payment is due next month. Yes it will have been 12 months since the El Roble agreement was first entered into. This payment and the balance of stage payments due were supposed to be made from cashflow. Obviously not going to happen.
MNE have been very quiet which is concerning. I expect another cap raise shortly and thats what Mr market also thinks.
Also, is it possible MNE walk away from the project like its predecessor did ?
MNE Price at posting:
2.1¢ Sentiment: Hold Disclosure: Held