MEL 0.00% 0.4¢ metgasco ltd

Ann: Operations Update, page-72

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  1. 9,286 Posts.
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    Stumpy the amount is huge when we have a funder who isn’t going to play ball. The company have been talking a refinance for months but have provided little evidence to date they have made meaningful progress. I think we need to resign ourselves they will need a heavily dilutionary CR to fund O2/O3 …. I hope MEL are more forthcoming as to why the performance of both fields has deteriorated so quickly and what makes them think O2/O3 will improve things ….
 
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3 2229965 0.4¢
 

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