RE: Reasons to be cheerful - 310 Apr 2019 12:10
Our KML JV will undoubtedly require funding when the drilling starts in earnest there, and I can't see MTR being able to fund 2 campaigns-with KML & MOD-,by means of share issues so I have to conclude that the MOD campaign, for whatever reason , will cease to require the type of fund raising we've become used to, leaving MTR to devote any new share issue funds, if any are necessary to the KML drilling. In a nutshell I think the days of the MOD JV are numbered and at some time in the not too distant future MTR will be receiving a decent amount of cash to finance their share of either or both drilling campaigns. Hope that makes sense but I'm sure someone will set me straight if not!