MOD mod resources limited

what will the next capital raising look like ?

  1. 773 Posts.

    Hello V8 & rest of HC,

    The comopany seem to burn on average 700k a quarter. The investment by Meriton Capital of $ 2.5 million, will suggest that next quarter expenditure of $1.5 million dollars, mean that the issue of capital raising will be another issue. We will assume that there will be only $1 million left after the next quarter.

    My question is, what will the next round capital raising look like? How important is their relationship with Oceanagold ? Could there be a possibility that Oceanagold might be tempted to take "another bite" at this exploration and buy up MOD ?

    just thinking of possible options in the future.

    superox
 
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