Post merger EAR should still have around 2.5mill in the bank...

Post merger EAR should still have around 2.5mill in the bank ,,,if the B.E deal is off the table then they will want to raise at least another 5mill BZW Refurb + Mining + ramp up costs ... should cap any gains for some time one would think ....

Could be wrong but I think MKO/EAR merge come about like this ....

MKO/EAR mgmt- "well doesn't look like we can get the B.E deal across the like so much for that plan ...." -"Plan B then .......
"Well plan B we going need to raise a ton of capital BZW Refurb going soak up least 3mill ..then going need least 1.5mtpa ore feedstock ? to make it pay "...."EAR can afford to pay that !" ...

"Well EAR has some great near surface feedstock but we are going need to spend a good few more million if we hope to test the deeper targets to really grow a resource BZW can chew on for more than just a couple of years ... yes and mining/license/enviro bonds so many costs could easy blow 10mill !!" ...

"Well only way forward is a merger then we can get away from micro-cap space going be much easier to get the funds from insto/majors if we go as one company" .... "Yes and as we know in this bullish AUD Gold sentiment once we get all the ducks in a row we'll get a decent price for the lot and maybe not even have to run the plant for longer than a couple of quarters " ..

."Too right and that was always the long term plan also that's how we raise the capital we go to the Insto/private capital and give them a discount to market value with the understanding they will make a good profit in short order when will flick the lot Win Win for all ...even do a small offer to the S/H's then everyone is happy"

"Yes sounds like a plan.....I hope the deeps hold the goods all this could well flatline for some time"