Of note is that the 8 million loan to BYE is due to be drawn down by Friday next week. Clearly they have left it as late as possible due to the coupon on the funds, but I'll be expecting an announcement next Friday or the following Monday. Should provide us with some decent cashflow.
Additionally; hopefully we are not too far away on Biouvac Peak news, as one would think that preparation must be starting soon if they are still planning a Q1/Q2 drill there.
The recent Cooper Basin news was good, but ultimately won't mean much for a few years - given the nature of exploration.
MEL Price at posting:
4.5¢ Sentiment: Hold Disclosure: Held
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