realistic about what is required - they will need enough money to have two bites at the cherry re O2/O3 + working capital. If one is worried about the dilution i have suggested it will be real bad if they only raise capital for O2 and they strike out that will be lights out or serious dilution ala 88E. Lets hope that MEL provide further details of the current state of play re Odin production drop off in the quarterly and what expectations are for )2 et al
MEL Price at posting:
0.6¢ Sentiment: Buy Disclosure: Held
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