MEL
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0.00% 0.5¢ metgasco ltd

MEL has about $23-24m left from memory, but possibly setting up...

  1. shareinspector
    347 Posts.
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    09/08/10
    12:35
    Post #: 6997243
    MEL has about $23-24m left from memory, but possibly setting up for Cap Raising. They would need extra money to actually complete the works for RVPS etc so it's definitely a possibility... but they've been trying to set up a JV for PEL16 and so I'd be more hopeful that the cash comes from a partner than from another issue of shares but we'll see.

    ESG has been trending up recently prior to their capital raising announcement today.
    MEL Price at posting: 46.5¢ Sentiment: LT Buy Disclosure: Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
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