There are plenty of bargain for oil and gas assets atm... Why the heck do they wish to try merge with an oil junior in the US with a potential liability of US $12mil ?.
MEL will soon burn through the remaining AUD $10mil (US $7.7mil) cash reserve.
It sounds like a nutty deal to me under the low oil price and the low US exchange rate.
I would say it is the end of the road for MEL management..
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Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $4.581M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.3¢ | 0.2¢ | $1.345K | 547.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 15499999 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 10310815 | 9 |
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| Last trade - 14.11pm 15/07/2025 (20 minute delay) ? |
| MEL (ASX) Chart |