MTL 0.00% 0.2¢ mantle minerals limited

What chance DEG buying into CAD.....???, page-6

  1. 3,035 Posts.
    lightbulb Created with Sketch. 648
    Er, sorry Hoodlum but my suggestion was exactly that DEG may look to take a position & invest in CAD, to achieve the share vesting milestone of "an official mineral resource of 12 million ounces of gold in the province surrounding Hemi."

    I was essentially floating the idea that CAD, who is short on cash and big on shares, may look to take on board an investor to provide a cash injection to allow them to prove up a resource and ultimately assist DEG to achieve their 12 mill ounce resource.

    CAD will need to get cash from somewhere - lots of 'punch drunk', jaded, wary, longstanding holders on the books who may not wish to inject new capital into the company.

    Talking to DEG may ultimately be a mutually beneficial scenario.........

    Just sayin........

    GLTAH
 
watchlist Created with Sketch. Add MTL (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.