Quick question is someone able to explain to me how MZN plan on raising the funds for further exploration? If this doesn't work out for them and the options aren't converted would they have to raise capital @ 1.5cents or lower because that would be a lot of dilution and I don't think the market would like that one bit.
Just a genuine query because to my mind it seems all or nothing and I really can't see any other way around this.
Would they not have been better off waiting for KDR to appreciate which in turn would have had them most likely above 2 cents by December 31st and another 4 million in the coffers? Slow and steady sometimes does win the race
Time will tell I guess
MZN Price at posting:
1.7¢ Sentiment: None Disclosure: Not Held
