''1.5 quarters of cash is 4.5 months. The IDC loan for...

''1.5 quarters of cash is 4.5 months. The IDC loan for US$14million is likely to be settled within 1, maybe 2 months if stretched out.
There is PLENTY of cash on hand to see them through to the IDC funding.
They have made it clear that they are pursuing other non diluting funding but we don't know what will come of that yet. Assuming the worst, even if there was a cr for part or all of the last US$12mill, MNB's mc is only $65mill versus an after tax NPV for the project of A$310mill.''

Thanks @chuk

Not only was it state that no Cr was required - there is plenty of cash etc

Blatant ramping and misleading as quarterly clearly indicated cash was running low

Without 100% of all capital for running and construction MNB is insolvent 100% fact and facts dont lie