MAY 0.00% 2.2¢ melbana energy limited

Ann: Successful $15m Placement to drive Block 9 Forward, page-229

  1. 9,775 Posts.
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    I don’t think I’ve ever seen a CR where there isn’t a portion of share holders wasting their energy on something that’s already done, something that’s not changing. The cold harsh fact is, at this end of the market, when there’s funds being offered you usually take them, you don’t know what is around the corner. If the last couple of years has taught us anything, as soon as you get complacent, the world kicks off with something else. Sonangol are 70% partners and don’t discount they will be pushing to develop this project asap given current global issues and commodity priced. They have the funds, we don’t and we need to keep up.
 
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