Buddy,
It is pretty obvious to me that Rosella will be make or break for MEL. If it comes in with a commercial flow an opportunity will exist for either a small cap raise or JV/farmout. There is enough cash on the balance sheet to get a conventional well done.
If,on the other hand it, doesn't come in with a commercial flow the path ahead will be difficult.
As far as starting activity outside Clarence Morton, MEL has neither the funds or management depth to consider taking it on.
P
way forward for mel, page-12
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Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $5.830M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 2105211 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 3778476 | 8 |
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| Last trade - 16.12pm 04/10/2024 (20 minute delay) ? |
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