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
MBM Price at posting:
17.5¢ Sentiment: None Disclosure: Held