Hi The Mechanic, Agreed that is likely KBC putting pressure on MEL's SP. They have plenty of shares left though and if they continue to bail, they may sell into MEL news on Vali2 and Vali 3, unfortunately.
As we know, cash at the end of Dec. 2022 was $820,000, and my understanding is that this excludes the recovery of the $100,000 Patriot loan. Every little bit helps to tide us over before revenue from Vali begins to replenish the bank balance, but by how much we'll have to wait on the Q1, 2023 quarterly which will be released end April.
Kind regards OldGeo
MEL Price at posting:
2.0¢ Sentiment: Hold Disclosure: Held
