I have a differing opinion on that front Anilara, however i do...

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Barneydebear

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01/07/14

14:23

Post #: 13594951
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Originally posted by anilara1 ↑

Shooshka, Speedy and others,
While it would be nice to think that the Company has been busily mining away over the past few months while we await the mill allocation the reality is that this is highly unlikely to have happened. From a pure risk management point of view there is no way old Zeff or his board would allow the Company to run down the money in the bank until such time as the mill allocation is granted and the ore can be sold. They would be accused of incompetence by shareholders and advisers if they ended up with say five thousand tonnes of ore on the ground, no way to sell it and having to look at whatever planB may be and with an imminent capital raise at a vastly reduced price.
Instead I would be fairly certain that they have preserved their cash and WHEN the mill allocation is granted they will continue mining allowing positive cashflow and an increasing cash balance.
I'm hoping that allocation isn't too far away...

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I have a differing opinion on that front Anilara, however i do see the reasoning behind your logic...

1st mne wouldn't put employees on hold for such minor delays... as this would jeopardize future growth by not retaining a reliable workforce...?

2nd there are 3 such mills within a reasonable radi for mne to access... and they are screaming out for oxide grade resource... begs to wonder why the government would restrict such a revenue stream??

from what lani (from memory) has mentioned costs are 100k per month... wonder what holding off on mining would cost just in CnM, admin and the like???

Im happy to be wrong however DYOR

MNE Price at posting: 2.0¢ Sentiment: Buy Disclosure: Held
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I have a differing opinion on that front Anilara, however i do...

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New results confirm Buena Vista's iron grades potential

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Trimmed CPI figure provokes market jump of 1%, but inflation pressures remain a reality

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