MEL 20.0% 0.4¢ metgasco ltd

Ann: $5m debt facility secured to deliver Odin gas to market, page-56

  1. 1,799 Posts.
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    I’m surprised this isn’t higher. In production, first sales imminent, production set to increase and most importantly balance sheet certainty.

    My thinking was the uncertainty on cashflow and the threat of a CR was holding the stock back. Now that it has been well and truly sorted, we should be materially higher.

    A great recent example is MMI which was also being sold off on the potential for a CR. They just confirmed debt, which takes this uncertainty away and in a matter of days the stock is up >75%.

    https://hotcopper.com.au/data/attachments/5126/5126908-0b8c52352ca734b1f6000d2c198b7197.jpg


    There’s no reason why we can’t have a similar run…

 
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