MEL metgasco ltd
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Thanks cara, It makes sense why MAY is raising capital but they...

  1. ggwill
    2,835 Posts.
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    29/07/21
    11:13
    Post #: 54864304
    Thanks cara,

    It makes sense why MAY is raising capital but they are not doing any favours to their shareholders by selling MEL cheap. Trying to sell 20% of MEL holding on market is not smart at this low price if they are after cash. The share price of MAY is comparatively high and probably good time for them to raise cap anyway to reduce their risks if they can't find any commercial oil.

    The new substantial holder seems like a good home for MEL shares. They are after cheap small companies for long term hold IMO


    Last edited by ggwill: 29/07/21
    MEL Price at posting: 2.3¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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0.000(0.00%) 		Mkt cap ! $3.665M
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14 15680488 0.2¢
 

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0.3¢ 10613886 10
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