The $5million was paid and $2.5 million is non-refundable.
Borrowing money from IRL (who are not going that great) was probably easier than doing a placement at the time in the current market and credit seems to be dry at the moment.
I agree - if the grade can pick up even marginally this will turn upwards nicely. Though to do this new pits will be mined evidently.
I note that Missouri and Sand King are seen to be the saviors now in respect to grade. Are these the same Siberia assets which MK wrote off in disparaging form in the June Quarterly?????????
That sort of about face is not the best face for a company.
MON Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
