Yes MAY held 10.7% then.Perhaps Theo didn't like MEL but it would be a surprise if Purcell decided to reduce his influence after all this time.
From MAY's Quarterly.
Subsequent to quarter’s end, the Company appointed Mr. Theo Renard as its Chief Financial
Officer and Company Secretary. Mr. Renard brings considerable senior leadership experience
across Strategic Planning, Finance, Operations, Sales & Marketing, Business Development,
Board, Governance & Compliance, Legal and M&A to the Company as well as extensive
experience with ASX listed companies.
Melbana ended the quarter with a cash balance of $10.7 million. The Company also holds
listed securities in other ASX-listed oil and gas companies valued at $1.8 million as at the close
of business on 26 July 2021 as well as a receivable of US$7.5 million for the sale of its permit
WA-488-P, contingent on the receipt of regulatory approvals and satisfaction of certain
conditions precedent.
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