If the well turns out to be a success, shareholders won't be able to purchase many shares. The last annual report shows that there were over 2,000 shareholders. If half of the shareholders apply, it works out to be $2,000 per applicant on average ($2 million total). If the well turns out to be a failure, then I guess there will be plenty of shares to be grabbed.
I am thinking If the well turns out to be a failure, they may extend the flow test and report the results late. The quicker the results are published the better it is.
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Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.665M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.2¢ | $7.983K | 3.511M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 9832429 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 11398095 | 12 |
View Market Depth
| Last trade - 11.48am 26/06/2025 (20 minute delay) ? |
| MEL (ASX) Chart |