Is there a chance that MEG will run out of cash. The management teams cannot be cheap either. Surely they need some positive news in the near future and then on the back of that do a capital raise.
But the real question, is why is MEG trading at 50% discount to the IPO? The project and drilling look on track or are the gold deposits of lower quality than expected?
Ann: Significant Gold Intercepted in Drilling at Chakata Project, page-15
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