I like both Ken and Philip, but Metgasco is a small company and they will be financially stretched just to get Vali and the the Odin up and running without further dilution.
The company is lowly rated and I do not want any dilution that issuing further shares will bring. The acquisition comes with execution risk and the company has no expertise in Hydrogen, we would thus be relying on the new people who will of course be incentivised to want to keep backing their baby.
I want to see Vali and Odin succeed and then for the jv to further explore the acreage we have as it it an area the JV understands, nat gas has great margins and there is an identifiable deficit of gas.
Thus I cannot back the idea and will vote against the acquisition.
- Forums
- ASX - By Stock
- MEL
- Ann: Metgasco to acquire renewable hydrogen production technology
Ann: Metgasco to acquire renewable hydrogen production technology, page-63
-
- There are more pages in this discussion • 49 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MEL (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $8.016M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 1399398 | 0.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.6¢ | 8439381 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 1399398 | 0.005 |
6 | 6291965 | 0.004 |
16 | 28089636 | 0.003 |
7 | 20120400 | 0.002 |
8 | 61636865 | 0.001 |
Price($) | Vol. | No. |
---|---|---|
0.006 | 8439381 | 4 |
0.007 | 1763852 | 4 |
0.009 | 330000 | 2 |
0.010 | 6117355 | 4 |
0.012 | 1000000 | 1 |
Last trade - 16.12pm 14/10/2024 (20 minute delay) ? |
Featured News
MEL (ASX) Chart |
Day chart unavailable
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, Managing Director & CEO
Charles Armstrong
Managing Director & CEO
SPONSORED BY The Market Online