Keep in mind MSMN paid off a bunch of debt held by Trident. The basis, terms and conditions of this debt I am not familiar with, but there is often a range of benefits for doing such a thing.
For instance, who provided the debt to Trident? Were they related to MSMN? Was there any favourable treatment...?
But once again, who cares, its not like this would be the only shortcoming of MSMN, if it were true.
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Of greater interest is this from the quarterly:
"In relation to the Tassie Shoal projects, an introductory meeting was held between MEO, a potential equity partner of the Tassie Shoal Methanol Projects and the Operator of the Evans Shoal Joint Venture. The potential equity partner outlined to the Operator its potentially pivotal role in aggregating international equity investment in the midstream methanol production facility. A formal meeting with the Evans Shoal Joint Venture is expected to occur in the second quarter of 2015."
MEO Price at posting:
1.7¢ Sentiment: Buy Disclosure: Held
