I am curious @boysy1
I agree with you that MEL is losing money on O-1 and V-1 and needs to O-2 to generate some cashflow but we knew this last year. O-1 has continued it's decline but we knew that in May. Whether MEL is losing $250k or $300k a quarter is largely immaterial. Without a decent funding package MEL will soon be sold for parts. You saw all this coming and called it in advance so why do you still hold? Do you see a way forward for MEL that I don't?
Ann: Odin-2 Appraisal Well Successful, page-33
Add MEL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $7.287M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.6¢ | 0.5¢ | $13.29K | 2.640M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 200000 | 0.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.6¢ | 8333650 | 7 |
View Market Depth
| Last trade - 14.37pm 01/11/2024 (20 minute delay) ? |
| MEL (ASX) Chart |