MAY 5.26% 3.6¢ melbana energy limited

Ann: Loan Facility, page-22

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  1. 747 Posts.
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    Yes! I am aware there is only one pot of shares in issue drawn on by a dual listing and that MAY could potentially list with their existing pot. My thoughts were predicated on a view to getting a decent wedge of cash to a level where their bank balance can cover costs going forward without the need to continually seek regular small fund raisings /loans such as the last couple have been. Of course at the present sp, that would mean an awful lot of shares to issue and then likely a consolidation which might not be acceptable. A dual listing could be an opportunity to do that though, by attracting a set of investors. IMO, MAY would need to do it in such a way as to protect existing shareholders from massive dilution. Just a thought, that was all.Cheers.
 
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