MEL Announced as at 11 June they held $780,000 in BYE shares or...

MEL Announced as at 11 June they held $780,000 in BYE shares or at 11.5 cents or about 6.8 million BYE shares.

So they have been a significant seller since the 31 March and really a forced seller at that .
Who knows how many they own now but they will be out of them soon , if not already.

The fact that BYE are quickly paying out their loan should not disguise the fact that they are producing a large amount of cash flow at a production level and with patience that cash flow will get them moving again .

Very much looking forward to the highly likely new unencumbered cash flow from the result of the SM69 well .
There is only a very small amount of production that is needed to shut down while they drill that well and all the infrastructure is already in place so quick into production.

They have been bruised and battered but their business plan is still in play.