G'day Hoodlum...I was reading the prospectus slowly yesterday and came across this information - part of the offer talks about the requirement of 2 million to be raised. I am surprised that you mentioned only around 50 holders in the company.I will contact the company today and check that number. The idea of making the offer to existing shareholders is a very good one from my point of view. The company has been in voluntary suspension for almost 5 years. As compensation for this long wait, existing shareholders will benefit from this prospectus. I intend to take out my full entitlement plus some, maybe. I am fairly confident that the total amount raised will be $5 million dollars.
I have been watching the threads on BPH, and at the end of the day, we should see a positive result.... be it by approval or compensation through the courts.
Once we get through the approval process with support from the court, I daresay we will be back in court to subdue the greenies et cetera. I do not understand why they are so opposed to the drill. Gas extraction can be done without looking at permanent infrastructure out to sea. Secondly, people will still need to source gas in the future.?.... so, by their argument, why would you increase greenhouse gas, by transporting gas to New South Wales?
I have just contacted the MEC office. ..and there are around 2700 shareholders in MEC Hoodlum
In a previous post, I made a mistake in naming a NSW politician who held up the drill in Dec 2020 - 21 drill. It was Keith Pitt, who hurried along John Barilaro NSW to make a decision and stop delaying so that he could approve the drill.
MMR Price at posting:
0.4¢ Sentiment: Hold Disclosure: Held
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