MMR 0.00% 0.4¢ mec resources limited

ann just out re shareholder share purchase pla, page-42

  1. 60 Posts.
    With two announcements in 1 weeks regarding finance it's clear they'll do anything for finance and getting it quick. Rigs are plentiful and in supply compared to a year ago. I work in the field and they could have a rig mobilised by early October without too much trouble and they could also have finance by then.
    There is a deadline for BUY to drill so they don't lose their lease off Sydney it has already had special considerations applied for extension of the lease as they failed to meet the drilling time frame to keep the lease. They will not let it happen again. There simply is too much at stake.
    I expect we will have an announcement on the drilling schedule in the next 3 weeks.
    I've been a holder for over 2 years and pay day is about to arrive.
 
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