Camrova Resources Inc V.CAV.H

RE:MD&A filed

[2investorknot]

Sorry about the earlier typos, I must have been tired!  For those of you who would like a more literate post, here is the cleaned up version! lol

The planned meeting to continue the discussions on the new shareholder agreement and the management services agreement has been postponed by KORES from mid-May to mid-June.  So looks like another month of waiting...

"Baja believes that significant progress has been made toward reaching a final agreement on the key issues" -- basically they list the following:

• Shareholders' Agreement, including dilution
• The manganese production decision and related payments
• The management services agreement...

Lots of discussion and plans were discussed regarding the Cinto Colorado Project.  KORES is currently evaluating using an autoclave technology and they apparently think this alternate option will then be considered by MMB internally.  (Not sure what all this entails but at least there seems to be some serious consideration which would slowly advance the possibility of actually using the tailings from Cinto). 

Baja is almost out of cash and needs to do additional funding to fund "its ongoing overheads and to successfuly develop the Cinto Colorado project and exercise its option, or pursue the other potential project opportunities".

In addition to the earlier cash calls (Feb. and March 2016) of $38.3 million and $90 million, MMB issued a further cash call for $40 million for funding of operations through Q3 2016.