Now that MMX is living off borrowed money would a short term...

Now that MMX is living off borrowed money would a short term capital raising be on the cards?

I believe management would want to wait for the share price to stabilise before engaging to raise money. If they do it now, and with the volatility and negative sentiment, this would mean a steep discount (say 25-30%) for the raising to be successful.

I stated earlier that I can see cash burn in the short-medium term being less than $12-15m per qtr which has been the case in the past year. Even if the cash burn is halved to $6-7million per qtr then MMX would need to raise $30-40million to keep the company going for 2 years.

If MMX keeps living off borrowed money (say for another 18 months) and this saga is still not resolved then this would be a real danger.

Wondering what the thoughts of others are on this?