Pretty binary set of outcomes atm:
In a success case SM74 will be generating cashflow prior to oppie expiration. MEL will be able to use existing cash reserves to exercise the oppies and the ncash flow to fund its outgoings.
If SM74 is unsuccessful then BYE will take a hit, the oppies will be borderline and MEL will likely need to liquidate its BYE investment.
It's educated gambling atm, but I'm liking the odds here. Expecting a 'rig mobilised' announcement this week (tomorrow?), going by the trading today. Best volume in months and a nice little rise in SP.
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 (20min delay)
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Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.665M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.2¢ | 0.2¢ | $2.284K | 1.142M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 19005694 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 11409690 | 13 |
View Market Depth
| Last trade - 16.10pm 27/06/2025 (20 minute delay) ? |
| MEL (ASX) Chart |