MAY 5.26% 3.6¢ melbana energy limited

@Spitfire Am aware of the S.C.A but 1st u need the cash in order...

  1. 1,460 Posts.
    lightbulb Created with Sketch. 293
    @Spitfire
    Am aware of the S.C.A but 1st u need the cash in order to recover it.
    Will the loan be repaid only to be replaced by another loan???
    The only way i can see to get a solid cash base for 2-3 years without loans or dilution is to divest a chunk of beehive, problem being,its not signed off on yet.
    Anybody have any other solutions???
    Im not going anywhere soon,need 4 -6 cents for recovery/profit or i will go down with the ship for a life time of tax relief, i know i must seem like an eternal pain in the ass but i just call my interpretation of events, really do wish i could pen with a positive perspective.
    Note up coming exsisting dilutions
    Purcell 80mil(2.2)
    Last c.r.65mil (3)
 
watchlist Created with Sketch. Add MAY (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.