We will recieve 15m from Andash. Debt from Murchison is 5m however the it is not under Kentor Gold Ltd.
As I understand it, we can wipe our hands clean from Murchison if we feel it is not worth anything? Otherwise we have to satisy the administrators that we have finances to fund it.
I think management are deciding whether to buy Murchison from Kentor Minerals WA?
Kentor Gold's cash balance was 2.2m at 31/3 and 15m from Andash makes it 17.2m cash. We are expecting to expend about $600k over the next quarter.
I strongly doubt we will go into recievership (although I have been wrong before).
We will recieve 15m from Andash. Debt from Murchison is 5m...
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