nice to get further institutional support?
now that heron has gas indications the project has been massively derisked.
the thought of meo issueing shares to institutions at a price which meo were prior to spudding is a little on the nose.
at december 31 they will have $20 million cash. perhaps a spp would be ok if they really need the cash but let the instos buy on market or issue them some shares in a month or 2.
cheers
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