MKR 2.86% 3.4¢ manuka resources ltd.

Ann: Quarterly Cashflow Report, page-6

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  1. 1,521 Posts.
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    Personally I am happy with the quarterly.

    We have proven our mining infrastructure is operating effectively and have taken product to market
    We are about to refinance (as previously announced) our debt to provide better terms and a lower interest rate, thereby staving of an imminent CR.
    We have rectified the issue that caused rain delay
    We have no OHS or injury issues
    We can expect drill results soon, considering this announcement covers July-September quarterly and a month has gone by since.
    We are starting another massive drilling program in the coming weeks.

    I'm quite satisfied with the activitiy and cashflow reports. I was expecting this announcement to come out in conjunction with a capital raise. With more favourable debt terms as well as a forward looking statement that states we expect to be in a positive cashflow position on an ongoing basis, I am quite bullish for the future of this company. I hold a large parcel in MKR and am very content to continue holding as I see a bright future ahead.
 
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