QMN queensland mining corporation limited

loan agreement with tulla resources group , page-4

  1. 7,217 Posts.
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    10% interest PA, not bad for a mate, who decided on that? And 'early repayment by cash or shares', shares there you go, its just another name for a cap raise and dilution if we cant pay it back in 12 months, we have never been able to earn 1c so how do they expect to have a lazy $3M in 12 months.

    now my question is if CK Locke are going to be given 1M options subject to shareholder approval as part payment for the latest report, when are we getting that proxy/cap raise to give them their options?

    why dont they spend more time of JV deals instead of internal deals.

 
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