What next? I have tried to look for clues

I just did some research to see if I missed anything regarding MCO and Norton:

14 AUGUST 2015

“Mantle has conditionally agreed terms to be issued a convertible note in Morning Star Gold NL (MCO) that upon the full conversion
of which Mantle will be issued such number of shares in MCO which equals a 95% shareholding interest in the expanded issued
share capital of MCO. The consideration for the convertible note is a cash payment of $750,000. Under the transaction, Mantle
will also have obligations to pay or procure MCO to pay a further $3.0 million in staged payments over the next 1 ½ years to the
secured creditor of MCO.”
“Assuming MCO shareholders approve the issue, Mantle will then pay or procure MCO to pay the following amounts to the
secured creditor;
(i) $1 million Tranche 2 payment on or before 28 February 2016 (this payment is guaranteed by Mantle from the time
of the passing of the shareholder resolutions referred to above);
(ii) $1 million Tranche 3 payment on or before 31 August 2016; and
(iii) $1 million Tranche 4 payment on or before 28 February 2017.”

Now these points are interesting IMO:
.” The consideration for the convertible note is a cash payment of $750,000”
Assuming MCO shareholders approve the issue, Mantle will then pay or procure MCO to pay the following amounts to the
secured creditor;
(i) $1 million Tranche 2 payment on or before 28 February 2016 (this payment is guaranteed by Mantle from the time
of the passing of the shareholder resolutions referred to above

SO: Seems to me that MNM had to SECURE a minimum of $750 K PLUS 1 Million to secure the MCO deal???????
That accounts for more than half of the 2.5 Million Placed in the last announcement????
I recall 2/3 being based on the MCO deal going through????????
So: Seems MNM needed to get some quick cash to secure MCO which they did-GREAT NEWS

THIS IS WHAT INTERESTS ME ATM:

Mantle are currently reviewing the merits of recapitalising MCO and seeking reinstatement of MCO shares to trading on ASX or
carrying MCO as a 95% held subsidiary of the Company or a combination of the two strategies in order to bring the Morning Star
mine back into production and are in discussion with ASX on the issue.

I ASSUME this is the NEXT STEP after getting MCO deal sorted?????????? I assume they have a plan??????

I know IK said that we could used the cash flow from Norton to help fund MCO but this seems a bit weird IMO- IF I was the MD I would use the extra cash flow from Norton to expand/Increase Production and continue DRILLING?????????
I wonder if we can expect more news about MCO as soon as the deal is concluded?????

Dyor- I have the day off and just trying to look through the fine details to try see what to expect….