MBM 3.33% 3.1¢ mobecom limited

Ann: Progress Report , page-5

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  1. 28,706 Posts.
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    thanks RedBeard

    5 million shares in the 3B with another 9 million shares yet to be issued for the 2nd acquisition

    also, a further $1.84 million to be paid for the 2nd acquisition, which leaves less than $1m in cash

    however, i have been told the acquisition is also delayed and it is hoped drilling will start well before the acquisition is finalised and well before the $1.84 million must be paid

    of course, i take this all with a grain of salt and just wait & see

    November is the peak of the rainy season and, despite the statements by the company, i personally never expected drilling to start in November



    i just wish the company would stop making statements, such as "one drill rig is currently being moved to the first cleared drill pad"

    how long does it take to move a drill rig to a drill pad? i trust not long

    these kinds of statements do not generate confidence

    regards


 
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