I am sure that money can be raised even with the POO /market sentimen so low......
ASX listed companys usually do a Cash Raising when they need some top up in there cash holdings.
Once the rig is booked and a timeframe is announced there will be plenty of investers interested in funding the 454p drilling........
I mean to say Origin are willing to fund around $35million plus 50% of any more cash required...
I am sick and tired of all this Gloom and Doom crap...
Many ..many...Gold...Oil...Gas....mineral explorers have a lot less cash than Meo has.....and there HC threads dont get filled up with all this Doom and Gloom postings...
Dyor
Ps
(Picture a batsman having a dunny spit...throwing his bat into the ground..then kicking the stumps....and walking off the pitch with steam flowing from his nostrols...and U can picture the frustration this crap is generating with meo believers..
MEO Price at posting:
1.5¢ Sentiment: Buy Disclosure: Held