Ann: MEL Investor Presentation AGM 2023, page-17

Nobody said that a cap raising wasn't a possibility. It's clear that they'll either need replacement debt or equity to fund future Odin drilling/connection as at a minimum they won't be receiving the rest of the KBC cash. My issue was with the insinuation that the AGM presentation equated to an indicator of a cap raising. There was nothing in there that could be construed negatively that hadn't been said previously.

I was giving the benefit of the doubt in assuming a motive. The other option was a lack of intelligence. Pick your poison, champ.

Eyes are wide open here. My belief from what has been announced is that there is no default for them to disclose. If there is no default, why would an announcement be expected? Perhaps the oblivious, kidding themselves cheer squad simply has more experience than you?