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-----------------------
METGASCO LTD (ASX:MEL)ELK PETROLEUM LIMITED (ASX:ELK) - Ann: MEL announces scrip merger with Elk Petroleum, page-32 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum
MEL ELK

Ann: MEL announces scrip merger with Elk Petroleum, page-32

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  1. doctornoh
    2,015 Posts.
    lightbulb Created with Sketch. 147
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    23/12/14
    10:40
    Post #: 14500242
    Jake

    In terms of the $12m project debt, it is limited recourse so would only be secured over the project itself. MEL in effect wouldnt be putting its other assets as collateral for that debt if it was to go bad- the financier would only have recourse against the project assets.
    ELK Price at posting: 3.4¢ Sentiment: None Disclosure: Not Held
    MEL Price at posting: 4.4¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

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