doctornoh,
As a back up plan, I think that MEO would be able to do a CR to raise around $40mm. IMO they could place some shares with instos. and a RI at around 40cents per share. There would be enormous upside to the shareholders if they kept 70% of Artemis and funded the drill. Rig rates have come down a long way and it would be a lot cheaper for MEO to do it alone. It appeals to me as an MEO holder.
ANZ
dilemma, page-16
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