“The quantum of costs payable to Kidman is yet be finalised”, MZN 2017 Annual Report, p42.
The cat is finally out of the bag, so to speak!
MZN Half Year Report - Current Liabilities
Trade and other payables
31 December 2016 $44,370 31 December 2017$1,278,790
The quantum of costs payable to Kidman now appears to be finalised and will need to be paid, in time perhaps, after the lawyers extract some more hard-earned shareholder monies. Whatever the MZN cash position is, they are minus $1M+, which is owned to Kidman Resources.
Hope they commence RC drilling very soon, so I can spike out of here again. Underwriters are not so happy, well and truly under they are …
MZN Price at posting:
1.0¢ Sentiment: Hold Disclosure: Held
