alex, I have to say the report was better than I expected. Obviously the eps is going to be very poor, but keeping their head above water is the name of the game right now and I'd say they might just do it.
They have $3m on the way from DYL for giving away the U308 rights plus cash at hand, that should allow exploration to continue and repay debt at a rate commensurate with cashflow.
Minelife extension is the other big factor, which hopefully should be forthcoming by the end of the year.
Still high risk to be sure...but not facing the (all but impossible) prospect at the moment of going to the market for money.
MRX Price at posting:
$1.25 Sentiment: Hold Disclosure: Held
