MEL 0.00% 0.4¢ metgasco ltd

Ann: Odin-1 Re-Start of Production, page-6

  1. 9,282 Posts.
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    5m shares on offer at 0.4c and no bites don’t think this information wouldn’t of effected yesterday more so the cash position and clear telegraphing of a near term CR to pay the bills due.

    The question has to be who is going to put money into another CR so close to the last CR, GC1 must be weary of chucking more money they must be the only party with enough to lose from both a debt / equity perspective to consider doing something at least to get to 02 flow rates. Expect they will need many more cheap shares and options to get it away …
 
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