what just happened, page-10

sorry i only researched Tony Sage.....

Monitor Energy Ltd has completed a $2 million placement at 0.4c a share to fund fast tracking oilfield development in the Cooper Basin including testing and tieback of Fury-1 for production and if successful, Airacobra.

Cape Lambert Resources has subscribed to $1.5 million of the placement, for about 10.3% of the expanded capital of Monitor Energy post the placement.

http://www.businessspectator.com.au/bs.nsf/Article/Cape-Lambert-takes-up-15m-of-Monitor-Energy-2m-pla-YS98L?opendocument&src=rss

btw tony's company SP dropped from memory about 20% the day before the share dumping into MHL.

go figure...