MAY 3.23% 3.0¢ melbana energy limited

@Spitfire @ rossir You constantly ignore the companys fiscal...

  1. 491 Posts.
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    @Spitfire @ rossir
    You constantly ignore the companys fiscal policy.
    There is no funds
    No back costs have been re couped at either block 9 or beehive
    Flat out repaying a loan + interest
    Nothing left to finance an aim listing or up fronts for santa cruz, current day to day costs are running at 6 mil per annum as of last years finacials.
    Only chance of income in next 12mths would be,as presented,a sell down of beehive,but ,hang on.....total/sto havent put pen to anything yet.
    Cuŕently ....
    Somebodys getting out
    Imho caidence....
    They can still pull a good return at todays price...
    Dilution is inevitable..
    Nobody with half a brain,doing the most basic research,would put thier hard earned into this...
    Sadly
 
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