MRC 0.00% 2.6¢ mineral commodities ltd

Ann: Tormin update and exclusivity for potential sale, page-34

  1. 16,071 Posts.
    lightbulb Created with Sketch. 6880
    Hi Croc,

    the additional funds from the loan are for a Mineral Separation Plant, If GMA Garnet buys Tormin, they will fund the purchase, if they decide in 3 months time not to purchase Tormin, MRC will drawdown on the loan to complete the MSP and move into producing finished products.

    Its not that complicated to understand
 
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