Good opinion BB
Also of note: G.B Restart Strategy bottom of page 48 “The Company has continued to work with, and is advancing a proposal for a potential on market
raise through an associated capital markets group based out of Perth, however the Company is
seeking to limit dilution as it is of the view that debt is the superior option but we continue to
advance this prospect”.
G.B Restart Strategy bottom of page 49 “The Company is confident that its Environmental Approval will be granted upon no later than the 12th of May 2017 and take full effect once a Mining Lease is granted. The Company is confident a Mining Lease will be granted however there are still some historic issues around land
tenure that must be resolved, to which the Company is working with the State of Queensland to
achieve in the interests of advancing this project.”
Top of page 3, Quarterly report 28/4/17 Moreton continues to await a ruling from the Administrative Appeals Tribunalin regards
to the legitimacy of R&D rebate claims lodged by the Company in 2012, 2013 and 2014. The Board
reiterates its belief that due process was followed in lodging the claims and anticipates a
positive decision, but an element of uncertainty remains. As a precautionary measure,
Moreton has factored a worst-case scenario into the Granite Belt Re-Start Strategy and is
comfortable of being able to meet any requirement to repay funds and continue to rapidly
advance the Project.
MRV Price at posting:
1.1¢ Sentiment: None Disclosure: Held
