In the interest of holders imo it would be prudent to ask for an update on the condition of the plant considering not only are they operating near the seawater they are running seawater through the plant….
Below have provided a photo to demonstrate the the rusting after corrosion by seawater…Spid81 can you ask where all the sales proceeds have been spent in such a short period of time…Why do they need to further dilute holders by 30 million shares and a pay out of $800 thousand when they recently announced a $6.2 million sales in late January
Below rust effect of a plant…Not MRC
With the quarterly due I hope they include why such a large spend in a short period…Run of mine costs could be way higher than expected if what spid81 suggested earlier today…Let’s hope his not correct or profitability is further down the track with mounting debts…
