spp not so poor

Well MXR has not done too badly despite certain predictions to the contary by some poster(s)

The spp "raised a total of $707,500 before costs, representing approximately 41.6 million new shares to be issued to the 112 participating shareholders."

Now when you consider that the original offer was for :
"The SPP offered a maximum take?]up of 90,129,311 shares for a total of $1.5 million."
then to get to nearly 50% of the maximum is not too bad in the circumstances.

If MXR can utilise that injection wisely at Narndee and produce some interesting results then future funding could see even more substantial support offered.

Yes looks positive to me. But then I always looks on the positive. It seems to help.