Ann: Operations Update, page-60

Very hard to see those Vultures getting the numbers but there is no doubt that all of their share holders are losing big and are angry .
They continue to spin how successful they have been in bringing Vali to market so quickly but hardly a word about Vali in the Capital Raise presentation .
The present market cap does not justify the payroll that they have so who would know what will happen .
The raise is largely relying on present holders to fork up again but the over subscription stops speculators buying a minimum parcel then punting on a stag profit on millions .
The large retail offering is not underwritten so there is no guarantee they will get all they need .
Both MEL and VEN are joined at the waist , both need to find the money for the drilling to go ahead .