''The problem with the offer is that MinQuest doesn’t have any money – it would have to raise the $18 million-plus operating cash in a depressed investment market that is proving to be tough if not impossible to crack these days''
We need official confirmation that we can secure funding for Wolverine or else the creditors will not bat an eyelid on us.
Somebody here suggested a loan with the entire Wolverine asset backed as security. Is this true?
MNQ Price at posting:
2.4¢ Sentiment: None Disclosure: Held