MRC 8.70% 2.5¢ mineral commodities ltd

Ann: Tormin update and exclusivity for potential sale, page-37

  1. 8,408 Posts.
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    Hi spid81 with limited funds available in treasury find it highly unlikely the MRC has the funds for that to occur…The loan is in AU mining name not MRC…Maybe AU mining can see this through but for MRC as it appears more of a liability than anything else imo…They just don’t have the funds at present and very little incentive to encourage investment

    Do you believe banks don’t require due diligence as well…or this the tooth fairy’s fault

    There is not even enough funds for working capital yet alone a bank allowing further drawdown for AU mining…Can you provide the details for working capital of the next quarter…? Thanks

    The contractors don’t need to take such a high risk…You didn’t build a case for them to take substantial risks

    Regards Croc
    Last edited by Croc-file: 12/05/24
 
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