The additional loader and spares will supplement the existing fleet so that the complete loader fleet on site will comprise 3 new machines equipped for remote bogging and two rebuilt machines (with one remote capable). Consideration for the acquisition is 2,619,047 ordinary shares at an issue price of $0.42 each.
And yet, MYL cannot afford to buy the new machines (despite recent financing and monies coming in), resorting to further dilution. Hmmm! Wonder just how money they actually have?
The additional loader and spares will supplement the existing...
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