MEL
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0.00% 0.5¢ metgasco ltd

The cash backing of 6c was at Dec 2012.They would have spent...

  1. ML173
    9,580 Posts.
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    13/03/13
    10:39
    Post #: 11531104
    The cash backing of 6c was at Dec 2012.

    They would have spent close to 1c on the field exploration program to date.

    I reckon about $20mil might be in the kitty atm, forcing MEL to let go of some staff to reserve cash. It looks like management is anticipated a long fight.

    Good luck guys..
    MEL Price at posting: 7.0¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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