Offer for Lithium put to KDR in April'16. KDR had $1.75M in cash at the end of Mar'16 Qtr. It then sold Gunga West to Metals X on 31st March '16 for $1.5M cash and a further $1M of milestone trailing payments. They were hardly rubbing two shillings together or facing a serious liquidity situation which would call for an immediate $100K injection from MZN.
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