MAY 11.5% 2.3¢ melbana energy limited

Ann: Sale of Beehive Prospect, page-13

  1. 1,826 Posts.
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    I like it. The amount of dilution involved for a junior to explore (and develop) offshore can destroy a company, even with a discovery. Its smart and realistic risk management. Hopefully the conditions precedent are met and the funds may be deployed to develop any commercial discovery in cuba
 
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