MAY melbana energy limited

Ann: 2023 Annual Report to Shareholders, page-33

  1. 9,553 Posts.
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    One thing not so good from the report is that despite assurances of being 'fully funded' the report still alludes to further funding requirement may be via in part

    ...equity capital raised from the issue of new shares and.....

    With current SOI already well in excess of 3billion surely further dilution should not be considered. Better start to earn funding from selling some of that oil instead. AIMO
 
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