MGO marengo mining limited

There's about $10 million cash left in the bank. They spent $10...

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    There's about $10 million cash left in the bank. They spent $10 million on exploration last quarter alone.


    $1.5 million per quarter fixed overheads of staff, admin, occupancy and they've appointed a minimum of 3 new staff since the last quarter. Outgoing cash flow keeps on increasing, but there's no money coming in.

    Tick, tock, tick tock....
 
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