MAT
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7.69% 2.8¢ matsa resources limited

Ann: 31 March 2020 Quarterly Reports, page-7

  1. Patagonia
    253 Posts.
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    03/05/20
    20:51
    Post #: 44409808
    Recommed to look at hotcopper beyond bnr, share price development plus Lake Rebecca drilling (20 percent Matsa share) looks highly
    promising. 2 royalty payments for Bnr expected in June quarter, so most probably cash-flow positive including ongoing drilling cost from then.
    At nearly 9 Mio Aud current MK cap with high upside Matsa investment part can be used as collateral for future loans if required.
    MAT Price at posting: 11.5¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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