MGO 0.00% 14.0¢ marengo mining limited

will this ever be mined, page-10

  1. 82 Posts.
    hmm...

    maths is pretty simple here.

    Chinise banks to finance 70%
    Petromin to fininace 30% if they come on board.

    70 + 30 = 100%

    Were pretty much fully funded through to production.

    Of course i expect another CR, but it wont be to fund the development. The CR should be a samll one, for working capital + contingency. So maybe add another 300m shares to the register, thats 1.3 b shares on issue...

    If NFC take an equity stake we might not even need to do a another CR.
 
watchlist Created with Sketch. Add MGO (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.