MAY 3.13% 3.3¢ melbana energy limited

Alameda-3, page-438

  1. 7,715 Posts.
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    They’ll want to raise funds so that they don’t drill A3, and with just circa $10m remaining, they have a less than favourable drilling outcome. MAY has to survive Cuba.

    Raising funds on the back of whatever they announce on Monday is probably good economic management. A bitter pill though.
 
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