Cash on hand at end of Q is $76.1M..... Cash on hand at end of Quarter: $76.1M, down from $85.8M at end of previous Quarter.
Read more at
https://www.stockhouse.com/companies/bullboard/t.mol/moly-mines-limited#Dlf4GLZaewwqQGwE.99 Cash on hand at end of Quarter: $76.1M, down from $85.8M at end of previous Quarter.
Read more at
https://www.stockhouse.com/companies/bullboard/t.mol/moly-mines-limited#Dlf4GLZaewwqQGwE.99MOL IS GOING IN THE WRONG DIRECTION.
Corporate and Finance (unaudited)
Cash on hand at end of Quarter: $76.1M, down from $85.8M at end of previous Quarter.
Payment due by 30 November of $3 million or $4 million in shares, from Unity Mining Limited royalty has not been received. Discussions are being held with Unity.
US$5m was prepaid against the Hanlong Mining Investment Pty Ltd loan. The interest rate on the loan was reduced down from 10% to 7%.
Mr Bruno Camarri resigned as Chairman on 23 December 2013 and Mr Nelson Chen was appointed Chairman.
Mr Doug Buerger and Ms Cathie Wu were appointed Directors on 17 January 2014 following the resignation of Mr Peter Mansell. Ms Susan Hunter also replaced Mr Neil Hackett as Company Secretary following his resignation.