I did do my own DD, I have looked at the total COP including royalty in the last 2 quarters and it's tracking as it should and on target for 3.5US/lb.
They still have cash on hand and in deposit of 16M USD at the end of Q2 and there is no where that it says it has gone down to 1M USD???? especially given their capital expenditure for Q1 was only 2M and 9M used in Q2 so where did they used the 15M for the quarter????
Do you know something we don't know?
MBN Price at posting:
8.3¢ Sentiment: Hold Disclosure: Held