Faded, MTA just raised $3.2m however cash burn for the qtr past was 550k, so they have about $2.7m
TON had $4.5m at end of last qtrly, less $3.3m cash burn for the qtr + 8.5m cap raise, less 5.2m to Grapfex + 420k proceeds of conversion of options.
So as end of September TON cash position would be approx $4.9m. I think it would be closer to $4.1m/$4.2m
Nicanda Hill drilling all complete so plenty of cash until January.
Looks like MTA will be rattling the tin before TON
TON Price at posting:
37.0¢ Sentiment: Buy Disclosure: Held
