Was initially a bit concerned about cash shortfall if the options were not exercised, but looking at the last cashflow report, they have ~$5m in cash in the bank.
At ~$1.5m burn (I suspect this is excluding anything in Tanzania if that kicks off again), but they should have sufficient funds for 2-3 quarters before they need to think about raising money.
Something positive from me on MNS for a change.....cmon Frank you have 5 months!!
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- Ann: Expiry of Unlisted Options
Ann: Expiry of Unlisted Options, page-31
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