Hi leonardo da cara, If MEL recover the full amount of the Patriot loan ($~100,000??), they will have an additional $750,000 from the renewal energy projects to redeploy at Vali if costs blowout further reducing the risk of another cap. raise. If MEL do need to raise more cash before first gas, heaven forbid,.............a sub 2 cent raise price is very-much on the cards.
Phew, holding MEL at the moment is tough going when VEN is in a strong upward trend. MEL sell orders at 2 cents are continually being reloaded. The joys of cap. raises and short-term traders clawing their money back.
Kind regards OldGeo
MEL Price at posting:
2.0¢ Sentiment: Hold Disclosure: Held
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