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METGASCO LTD (ASX:MEL)ELK PETROLEUM LIMITED (ASX:ELK) - Basket case, 14567358, page-4 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum
MEL ELK

In regard to financing, have a look through the merger...

  1. stumpytrunks
    2,949 Posts.
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    11/01/15
    20:20
    Post #: 14567358
    In regard to financing, have a look through the merger announcements - but the smallest document (easiest download) is the 11 page announcement released on 22/12 (latest announcement by MEL). The last dot point on page 2 states: "Transaction conditional on Metgasco sourcing additional funds on acceptable terms by 31 March 2015." Acceptable terms to me implies debt.

    In regard to the cash balance the combined entity will have cash of approximately 9 million.
    ELK Price at posting: 3.0¢ Sentiment: None Disclosure: Not Held
    MEL Price at posting: 4.1¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 7  Upvote
    lightbulb Created with Sketch.  Great analysis
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