I understand about the resource, but these are difficult times and MOD have a $2M secured loan to repay to SHL by 4th April (extendable to 4th July). Where do you think they are they going to get the cash for that?
If they get good drill results from Mahumo they may get the share price over 1 cent and that will bring them $800,000 from the options. It is still not enough though, how do you see this panning out?
MOD Price at posting:
0.5¢ Sentiment: None Disclosure: Held
