News: MEL Metgasco updates on capital return, page-9

Not so impressed with communication from management at this point. BYE announcements imply that the convertible note won't be drawn until early 2017 (and hence no interest) and they are currently in a trading halt for an equity raising - which begs the question of whether they will actually need the loan at all. It was also implied that we would have first rights in a raising - management better not have taken non-controlling equity....an interest in tenements would be ok, but not a passive investment with no short term return.

To have to read this through BYE with radio silence form MEL is a joke.