Gold on the up------good for MNM, page-33

pe891, no one would call you an idiot because you at least read the announcements.

You are correct that the company announced their intention to pay the $100k late fee, which was due within 60 days of 31 October. If money was an issue they could have simply taken out a ST loan to cover the cost until a cap raise.

Obviously not all the money estimated for exploration and evaluation was spent. Additionally the company underwent "a review of key people, functions, tasks and processes to improve efficiency and generate cost savings from non-essential projects and functions." Which would support that.

I would expect an update very soon from the company addressing the exact questions you raise as well as progress on the MS mine mapping and modelling.