MEL
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0.00% 0.5¢ metgasco ltd

I like ESG better than MEL since ESG still has $33M cash while...

  1. ckablsv
    97 Posts.
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    31/12/08
    12:47
    Post #: 4647468
    I like ESG better than MEL since ESG still has $33M cash while MEL has merely $4M. With the cash burn rate is $2M and $4M per quarter, the survival index for ESG and MEL is 17Quarter and 1Q. It means MEL is under pressure to get cash or/and financila aids and ESG could itself run for another 17Q, if not been taken over yet.
    MEL Price at posting: 49.7¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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