MAY 3.85% 2.7¢ melbana energy limited

AP can still own MEL if MAY distribute MEL shares to its...

  1. 422 Posts.
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    AP can still own MEL if MAY distribute MEL shares to its shareholders, but sell the BYE shares. Block trade of MEL is only possible if MEL find gas and/or oil.
    CR can be delayed if $5M hits the bank account from the Cuba deal. MAY can always sell 15% of Cuba and/or 10% of Beehive for cash to fund cuba.

    with a cash burn of $800K per quarter, be running on empty come 30 June
 
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