funding by chillee 10 mill..., page-7

$10m loan would be necessary if they lack positive cashflow or need development funds for things with a quick payback.

I wonder what the interest rate is and against what assets the loan will be secured.

MCO is going from an unhedged debt free company to one with borrowings which presumably need to be serviced and repaid.

$10m should last them most of this year, after which NG will have to do some quick talking to protect his investment in MCO.

I am looking forward to the next quarterly report.

I would take NG's verbal assurances with two grains of salt. But he sure knows how to sell a story.

Getting junior goldies off the ground floor and into production is quite stressful - just look at NMG. RED and BDR have recently gone or are in the market for more funds. I wonder if PGI will do the same. I bought into ADU (now EVR) on the assurances that they were fully funded to production, and then they had two more capital raisings to which I subscribed prior to production.

Good luck all.

The share price says it all - check it out.

loki