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Ann: MRC notice to increase interest in Munglinup Project to 90%, page-34

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spid81

16,623 Posts.

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21/04/24

18:55

Post #: 73446171
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Originally posted by Gammat: ↑

MRC recently completed a CR, which didn't raise all the funds they intended, part of the funds were meant to be for the expansion of Skaland graphite mine increasing its capacity by 50%, by memory, it was only $600k needed to expand the capacity.

MRC is also moving forward with the pilot plant development and has bought into another company to gain access to its purification process. (MRC also tried to raise the funds in the last CR to move this forward)

So ... as you have highlighted, clearly more funds are required to more anything forward - currently not even enough cash in the kitty for the new fleet or the $800k to increase Munglinup interest

When do you therefore expect the next CR? for how much? and what price?

Seems you are now admitting that Croc was correct all along?

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Hi Gammat,

They can fund these things from cash flow, it just takes longer than the company expected. you need to brush up on researching companies and their finances.

MRC Price at posting: 2.6¢ Sentiment: Buy Disclosure: Held
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