1MC morella corporation limited

Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-2

  1. 4,719 Posts.
    lightbulb Created with Sketch. 762
    Posted this on SYA but fits here too.

    1MC seem to of escaped its very short term cashflow crunch with a 'reimbursement from tenement holder' Lithium Corp don't have the cash to support so SYA is the only earn in partner with the cash to front. Would be interesting to explore the terms of the agreement and previous announcements to see if any clues turn up, especially as this is the first time a reimbursement has shown up on 1MC accounts. The cynic would say SYA is now funding 1MC so they can make payroll.

    https://hotcopper.com.au/data/attachments/6136/6136197-f7905da4d1091936a88bcdb5d02080b2.jpg
 
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