I agree with arguing around the use of the word 'everyone' - so we need to have a second argument around your use of the word 'evidence'. what evidence did you provide that a CR was not required?
IF (let me repeat, if) they finally ship something to the mill, that is the only way that a CR is avoided.
$2.3m in the bank at start of last qtr.
$1.1m estimated spend (let's assume costs were cut and they spent $800k)
So $1.5m left in the bank at the start of the month.
approx $800k due in 5 weeks ($750k usd).
leaving $700k available. that is too tight to run a mining operation. my stance hasn't changed, the only way they can avoid a CR is to ship by the end of next week...
MNE Price at posting:
2.0¢ Sentiment: Buy Disclosure: Held