MYL mallee resources limited

Ann: Investor Update, page-2

  1. 818 Posts.
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    All good imo...with expenditure cutbacks we should see cash reserves lasting well into next calendar year...no need for CapR/debt facilities until funding of plant construction required...this company would be the envy of many junior explorers come developers in these uncertain times....great CR from major shareholders last year to secure more than adequate funding of $20m....IMO always prudent to go for more than you need and JL did it beautifully...well done... some delays with production sharing agreement but investment licence and other permits will be forthcoming and should not be too delayed due to the impact of Covid19...under the circumstances I feel Ok with MYL
 
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Currently unlisted public company.

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