MEP 0.00% 13.0¢ minotaur exploration ltd

Ann: Drilling progress, Cloncurry & Prominent Hill,OZL-MEP.AX, page-23

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  1. 6,756 Posts.
    lightbulb Created with Sketch. 122
    These specs very often put on a capital raising whenever there's interest in their stock - I would expect no less here. They had $4.47mil cash at 30June but their Annual Accounts show they had $1.3mil in accounts payable then add another $300k for admin costs this quarter and you're down to around $2.9mil cash at 30Sep.
    At 30Sep15 they had $2.8mil cash and then did a placement in Nov15 followed by an entitlement issue to shareholders.
    So next Trading Halt may not be for drilling results.
 
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