With just over $1mill cash in bank it is obvious to see why we have twice drawn down on the Fortrend facility to keep us above the required $1mill minimum.
It looks to me like we have drawn down as little as possible while we wait on GC drilling results in the hope that good results deliver a higher SP and less dilution for next required draw down.
Here's hoping for good results. Doesn't sound like we will have to wait too long now for first results.
Possible first results today or at least this week IMO.
Cheers B Rubes
MNM Price at posting:
8.9¢ Sentiment: Buy Disclosure: Held