MEL 0.00% 0.6¢ metgasco ltd

if O2 doesn’t meet expectations the company would have more debt...

  1. 9,373 Posts.
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    if O2 doesn’t meet expectations the company would have more debt and even more cashflow negative …. This would be the end of the co …. You think raising 5m at 0.5c is dilutive now imagine trying to raise cash on the other side in O2 doesn’t deliver ….. expect no one is going to be chucking debt at a company which is cashflow negative has existing GSA and existing debt inhibiting FCF …. Time for the company to pull a rabbit out of the hat
 
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