The company's present actions suggest there is not much hope on the horizon.
With the next farm out payment from Origin due in July they'd still have about $14 million dollars so why the rush to raise a couple of million dollars, destroy the share price and heavily dilute shareholders. They already have enough money for the NZ farmin.
Do management think it's better to get the money while the can? MEO have been savvy with their capital raisings. Is there worse to come?
- Forums
- ASX - By Stock
- MEO
- evans shoal & ts getting press
evans shoal & ts getting press, page-4
-
- There are more pages in this discussion • 15 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)