MAY
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5.26% 3.6¢ melbana energy limited

Fair comment Spitfire! A turnkey drill in exchange for a farm in...

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  1. Justlocal
    747 Posts.
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    19/04/18
    16:49
    Post #: 32564434
    Fair comment Spitfire!

    A turnkey drill in exchange for a farm in % would pay for the drill but without an accompanying cash component, would still leave MAY in need of an acceptable cash balance. An AIM listing with a new share issue could achieve that of course, but also dilute existing shareholders. If MAY offered a similar share issue to existing holders the dilution would be mitigated but could result in an unattractive amount of shares in issue. It could prove a bit of a catch-22 situation. Anyway its all hypothetical at this early stage but the sooner MAY gets a decent cash balance on its books the better it will be. Cheers.
    MAY Price at posting: 1.3¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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3.6¢ 		Change
-0.002(5.26%) 		Mkt cap ! $121.3M
Open High Low Value Volume
3.6¢ 3.7¢ 3.5¢ $40.16K 1.116M

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6 670068 3.5¢
 

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Price($) Vol. No.
3.6¢ 13422 1
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Last trade - 16.10pm 04/10/2024 (20 minute delay) ?
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