MEL metgasco ltd
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Well, glad the elephant in the room has finally been addressed....

  1. stumpytrunks
    6,693 Posts.
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    02/07/21
    10:11
    Post #: 54230798
    Well, glad the elephant in the room has finally been addressed. Will be interesting to see the quantum and details...I'm expecting an underwritten rights issue. Just so hard to tell how large it will be, especially with the options in play...you'd think it'd be modest given that reserves, FID, GSA are all yet to come. I wouldn't have been opposed to a quick placement though - hindsight has shown that the shareprice has suffered due to funding uncertainty.
    MEL Price at posting: 2.7¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch. 2  Great analysis
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