Hi ozbecool
Total shares on issue - 627,264,587
Net cash - we'll have to wait for the 2Q financial report.
IMO MEO would have raised cash as they had budgeted for the sole drilling but needed extra cash for production testing at Gurame.
MEO have so far remained debt free and I would say they would prefer to keep the books in the black unless debt is the basis for positive income.
#:>))
