“no problems with capital” - ?MEE had $1.7million as at 30 June...

“no problems with capital” - ?

MEE had $1.7million as at 30 June 07. CEPL is currently using money to fund the drilling and MEE still needs raise $8.5 million to build the UCG demonstration plant. If they can keep the share price above 20 cents then they will need to issue 25% more shares to raise the capital required. The problem with that is the share price usually dips after a capital raising. Especially given there is still the risk that the UCG burn will not be successful.