MAY 0.00% 2.2¢ melbana energy limited

Ann: Binding farmout agreement signed for Block 9, page-17

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    Certainly agree with your sentiment nammuldi, The question is: Do they have the cash to pay it out within the  8 day time frame without placing a real strain on current bank balance and finance obligations until they can either, get the guarantee back or otherwise raise the funds?.  My tip, for what its worth is that Mr Purcell will likely exercise his guarantee. Anyway, we don't have long to wait to find out. Cheers!
 
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