MGO 0.00% 14.0¢ marengo mining limited

resource upgrade?, page-40

  1. 936 Posts.
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    Guys,

    Slight word of caution, I spoke with the company on Friday and asked about the closing of the CR. They pointed me to the language in the prospectus that the CR would be completed "on or about the 29th of March" and then said that they were trying to finalise mid this week.

    Sounds like it might be a tougher sell than we thought, certainly if it was oversubscribed it would be done and dusted by now.

    I think those that coughed up the C$0.25 will be rewarded pretty quickly with the resource upgrade, so hopefully some happy little vegemites (or whatever they put on their toast in Canada) at the end of the process.

    GLTA

    Matt



 
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