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Ann: Two Wells Online as Vali-3 Commences Gas Production, page-73

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Lilow

9,194 Posts.

2362

18/04/23

17:27

Post #: 67338823
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Originally posted by ggwill ↑

Hi OldGeo,

I meant the options are handed out as a sweater. Keybridge still gets 10%pa for lending the money. The debt is secured. There is 1% establishment fee and 5% early redemption fee. On top of that, Keybridge gets 96 million options at a strike price of 2.5c. The number of options given is more than Keybridge's holding of MEL shares!

So, seems like Keybridge is selling their shares because they have plenty of exposure through options.
YMEL claims 'Debt was secured on attractive terms following an independent debt advisory process and structuring on the part of the company'

@Lilow
This is what MEL said:

'Debt was secured on attractive terms following an independent debt advisory process and structuring on the part of the company'

I wonder if they could have made a deal with Glonnon only. There is one Keybridge director on the board and I wonder what impact that had as well.

Expand

That keybridge director needs to go as I think he is the one pulling the strings towards KBC, but the rest of MEL management can’t see it!

MEL Price at posting: 1.9¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 0.5¢		Change 0.000(0.00%)		Mkt cap ! $6.987M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
1	3000	0.5¢

Sellers (Offers)

Price($)	Vol.	No.
0.6¢	5019540	12

View Market Depth

No.	Vol.	Price($)
1	3000	0.005
10	12112716	0.004
8	15262019	0.003
5	16775010	0.002
3	46300000	0.001

Price($)	Vol.	No.
0.006	5019540	12
0.007	2511999	5
0.008	1035051	2
0.009	80000	1
0.010	1000000	1

Last trade - 16.12pm 04/07/2024 (20 minute delay)

MEL (ASX) Chart

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