brantley what do you think re announcement

Brantley

This announcement explains the recent selldown by one of MHL's directors.

This does not look good for MHL investors, what do you think Brantley?

I wonder how many of the MHL directors have invested in Medina?

A residual participation of only 15% in the tenements on the expenditure of $8m exploration by Medina is a very poor outcome for MHL shareholders given the prospectivity of the area. By way of comparison, CIG gets to retain 20% of its tenements on Santos spending $25 million on exploration.

This is a huge negative in terms of trust for MHL management.

I would expect there will be a need for futher dilution so MHL interest will continue to fall.

loki