MAY 4.35% 2.2¢ melbana energy limited

Ann: Block 9 Status of Alameda 3 and Operational Update, page-8

  1. 94 Posts.
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    ~$30 million cash on hand and only a 30% exposure to the cost of the drill. Why would you think they'd want to dilute down at these levels when they're realistically looking at announcing commercialisation in the next 12 months? Bit of a silly suggestion tbh
 
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