"On September 30, 2012, the Company had a negative working capital of $5,704,958 compared to a negative working capital of $7,785,423 on June 30, 2012.
More advanced exploration and development work and the underground development of the Bachelor property will require additional funding. The Company will have to raise funds by way of public and/or private financing, joint venture agreements or other means of financing."
Since this item was published MTO has raised only $2.5 million from flow-throughs. The company admits it isn't cash flow postive until February at the earliest, which means since Sept the debt and working capital deficit have been growing! The reason the SP isn't going up is because the market knows MTO is in desperate need of funding! When the financing is done then the SP might go up, depending on continuing production increases and perhaps even a feasability study. Posting FACTS is NOT bashing. You are a pumper and nothing more!