MEL 0.00% 0.4¢ metgasco ltd

Ann: Vali and Odin Update, page-176

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 6,609 Posts.
    lightbulb Created with Sketch. 967
    For sure. Would make sense that the remaining two wells are on the same 7-12 day schedule. Off the top of my head V1 was all done on 21 Feb, which means V3 could be any time from tomorrow. Would love for the company to make explicit statements around V1 flow rate and the company financial situation at that point. I feel like the spectre of a cap raise being removed could only help the share price. I really can't understand the share price atm, other than KBC being forced into a fire sale. Although they have a solid amount of shares remaining, you'd think completion of the three wells and an Odin GSA (surely soon?) would provide ample volume to remove that overhang.


 
watchlist Created with Sketch. Add MEL (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.