After doing some research there is no shortage of people commenting about how high the share price can go if the result is positive however am yet to read a post explaining the potential outcome of MPE if the results are negative.
Given there is an estimated 50/50 chance of positive results, there is a very real chance the drilling will not give favourable results. Is anyone able to give insight into what would happen if this is the case?
Will the stock go into liquidation? Will they need to capital raise and try again elsewhere? Will the companies they are partnering with now assist with a new project? The share price cannot sink past 0.001 so what is the likely scenario?
Any information would be appreciated.
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