It is quite a large amount when compared to the $16k spent on exploration and as they have more or less mothballed their main projects. Only $40k on admin projected for next quarter but hard to see how they will raise cash from this point as it looks to be mainly just to pay director wages. Last cash raised was up around 8c from memory.
They really need to look for a new project in a different sector, hard to see how they will keep things going otherwise.
MDX Price at posting:
0.5¢ Sentiment: Hold Disclosure: Held
