Hello Mode,If you read some posts on MMR, there exists a claim...

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Hoodlum

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23/04/24

19:36

Post #: 73483499
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Originally posted by mode1971: ↑

Peter,

Within the legislation is two clauses.

The first clause, The title holder needs to be able to finance the works on the permit.

There are 4 companies involved.

Advent, mec, bph and buy.

Up until the last month, mec was not able to fund, nor could buy pre there cr.

It is possible the JA are in communication on finance, for the delay.

If they are, the companies do not need to disclose this, as it is commercial in Confidence.

Maybe points to why all 4, have sort funds.

Second clause, is skill, the companies need to show they have the technical knowhow to carry out the works.

I know gold as ran my own mines.

On gas I do not know costings. What would the cost be to explore seablue-1, Inc capping?

I just look at the financial rider in the legislation, and all 4 have raised money.

Mec has been a basket case for years, and even they decided to raise. Why?

If we know the answer, we may conclude it maybe to appease the legislation financial clause in the act.

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Hello Mode,

If you read some posts on MMR, there exists a claim that the CR for a vry modest $150,000 (circa) was commited in one hour.

Lets be serious now. When PEP-11 is approved, there will be an almighty scramble to be invovled in any CR.

BUY, BPH and MMR will not have any difficulty in raisinf funds.

MMR, for example, will have enough support from existing shareholders.

When approved, there will be no shortage of instos willing to stump up the cash.

Funding is not an issue, approval is !!!!!!!!!!!!!!!!!!!!!!

BPH Price at posting: 2.0¢ Sentiment: Buy Disclosure: Held
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