Any share holder is entitled to buy or sell as they please .
Has the recent selling by KBC been profitable for them ?
Was it at a higher price than the two previous placements ?
A lot of very misplaced criticism of the CEO and Chairman imho . It is not easy to finance a microcap energy business before it has any revenue .
The reason the share price is disappointing is that taking the discovery wells to production has been far more costly and behind schedule than was expected . With only one well producing and uncertainty as to the final production of the other three wells . Much of that has not been out of the hands of the management or the BOD of MEL . It is not because of the selling of one share holder .
MEL Price at posting:
1.6¢ Sentiment: Hold Disclosure: Held
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