8.8.1 Does the entity expect that it will continue to have the current level of net operating cash flows for the time being and, if not, why not? Answer: The Company has been transitioning to silver production during the current quarter. With 14 days of steady state production in July 2022, it is forecast that the net operating cash flows for the Company will be positive for the September 2022 quarter. 8.8.2 Has the entity taken any steps, or does it propose to take any steps, to raise further cash to fund its operations and, if so, what are those steps and how likely does it believe that they will be successful? Answer: No. As noted in 8.8.1 above, the Company is forecasting positive cashflows and profitability over the coming quarter and does not expect to require funding for operations. 8.8.3 Does the entity expect to be able to continue its operations and to meet its business objectives and, if so, on what basis? Answer: Yes. The Company has completed it’s transition to silver production and expects to trade profitably and generate positive cashflows during the September 2022 quarter
MKR Price at posting:
17.0¢ Sentiment: Buy Disclosure: Held
