Is this the calm before the storm ?, page-46

there’s clearly two camps here

The dream and the realist

I like to dream from time to time and owning melbana is like buying lotto. Odds are low but you don’t put your life savings into it

I don’t think anyone here would wake up in the middle night and sweet about losing their lotto money

I’m sure there are value in these prospect, but management and execution are poor.

The amount of equity raising by this company over the years are eye watering. But when you have no income, that’s probably the second best option compared to paying extravagant interest rates.

The concern here is how long can you go on raising money based on hope.

And please don’t go talking about their prospects and how much money will make one day, because you need funds to drill. Without funds those reserves are never going to be recoverable.