MAY 3.33% 3.1¢ melbana energy limited

Ann: Successful $15m Placement to drive Block 9 Forward, page-224

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  1. 270 Posts.
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    OK. Walk me through the logic of doing a "placement" (given some on here love semantics) before dropping that announcement?? You're fully funded for the drill program why not wait until after the flow tests when you can really juice the share price?? Why claim you'd only entertain an enticing offer 3 days before and then settle for that rubbish? Keen to hear these pearls of wisdom...
 
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