MEL metgasco ltd
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1st of September it was 13c. 14 September its 13c. Nothing has...

  1. Mitchdon
    1,013 Posts.
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    14/09/23
    13:57
    Post #: 69858333
    1st of September it was 13c. 14 September its 13c. Nothing has really changed.

    Odin coming on line is nice but means MEL is or is close to breaking even. The real issue is what next? Do they keep trying to resolve Vali 2 and 3 or abandon and move to Odin 2? And if they move to Odin 2 do they have the cash to drill?

    @OldGeo has posted some great information on this. @OldGeo can ask another question. Are all the Vali targets fracking targets? If they target the Patchawarra formation will it need stimulation and have potentially a repeat of the current problems?
    MEL Price at posting: 1.1¢ Sentiment: Buy Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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