I think TMK would hold off raising until after the Pilot Well program is well under way, and the exploration campaign has started to show results. They aren't exactly broke ($2.6 million at end of last quarter), got a nice bonus payment from us and operate theses campaigns in Mongolia on a shoestring budget compared to Australian projects.
Some news on the MOU wouldn't go astray though. I would at least expect an announcement on the day it expires / the day after clearing stating the status of the MOU if nothing comes out beforehand.
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