$1.5m for salaries
$1.5m for admin
$4m loan still outstanding and costing $500k per year interest.
$500k of a $750k short term loan @ 12% still to be paid back
$4m paid to MAT upfront by Linden to be recovered out of production from Devon along with any other costs associated with getting into production.
Sold the nickel assets to IGO for $600k
Raised about $2m
Spent $1.5m for the year on exploration and evaluating assets. Less than 25% of cash raised going toward adding any value to shareholders. Even less if the $500k short term loan balance is included
That sort of sums up MAT in a nutshell.
$1.5m for salaries$1.5m for admin$4m loan still outstanding and...
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Change
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Mkt cap ! $26.00M | |||
| Open | High | Low | Value | Volume |
| 4.0¢ | 4.0¢ | 4.0¢ | $17.24K | 431.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 277800 | 3.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.0¢ | 109487 | 1 |
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| MAT (ASX) Chart |