Ann: MRC enters into agreement for sale of Skaland Graphite Proje, page-6

....... yet !

So, MRC is selling it's only current source of income. Tormin won't produce income for .. ? 6 months, 12 months ? not until the grounded ship matter is sorted... who knows?

So, MRC will have no income for the next 6 months (12 months ?) after Skaland is sold. Mind you Skaland was not a very good net profit provider anyway.

So, how long will the US$11M last? How long before Munglinup is up & running & producing a profit ?

So, how many cap raises will be necessary before Munglinup is created and produces a profit ? And, it's problematic to raise capital with a 2-3 cent share price.

I'm sorry holders, but (best case) MRC is destined to wallow for the foreseeable future.