"Subsequent to the end of the September quarter, the decision was made to activate the ASX Release Page 3 of 9 agreed mechanism in the Recapitalisation Deed which allows the Company to make the $1,000,000 October 31 payment within approximately 120 days of 31 October. Under this mechanism, an additional payment of $100,000 must be made by the Company within 60 days of 31 October."
Was the late payment penalty of $100,000 paid by the agreed date? That would have been end of December, but I don't remember hearing any more about this?
Good job MNM have another 6 weeks to come up with the $1 million still outstanding. A quick whip around should cover it.
- Forums
- ASX - By Stock
- Gold on the up------good for MNM
"Subsequent to the end of the September quarter, the decision...
-
-
- There are more pages in this discussion • 39 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AUL (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online