It's interesting isn't it, a well put together ann with some decent info in it and the sp goes up. There has been plenty to say over the last year but the arrogant one (cinnebon) didn't want to tell us. All speculation but I'm pretty sure the sp would have held up around the 15-20c with some proper comms that gave the market confidence. Confidence in management is key. And of course the flow on effect would be that the final epa sign off could have bounced us up a lot more than what it will do if approved.
Anyway, that's all history now.
I would still like to know some detail around how they are going to finance the plant. So far, only $2.2m has been spent and the guess is somewhere between 12.5m and $25m for construction.
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- Ann: Quarterly Activities/Appendix 5B Cash Flow Report
Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-3
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MAGNUM MINING AND EXPLORATION LIMITED
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