SIR were in the same position before they drilled Nova. Keep calm!
The December report posted yesterday shows 2.9m cash on hand at the end of December, so cash on hand now, surely, isn't much less. Of course, planned activities will eat up some of that, I wouldn't have expected it to be a large chunk but!! Perhaps they are also back paying some previous activities, like the EM survey etc, post December.
Not overly worried about capital raising. I'm pretty confident that with our selection of projects, finding an investor to sink a million into MEU won't be too difficult. Especially with the (potential) high rewards if a deal is done at current prices.
MEU Price at posting:
6.4¢ Sentiment: Buy Disclosure: Held
