It feels a lot like MEL is on auto-pilot and is only reporting what it has to. The chances of raising fresh debt or capital are low. The last roll of the dice was a better result at O-2.
IMO Glennon are probably close to taking control. Act on the debt to secure it and then be the highest bidder on the scraps of MEL. Ugly but that is micro-cap investing for you.
Ann: Quarterly Activities and Appendix 5B June 2024, page-6
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Last
0.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $7.287M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.5¢ | 0.5¢ | $10.14K | 2.028M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 13414714 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 800000 | 1 |
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| Last trade - 16.10pm 12/11/2024 (20 minute delay) ? |
| MEL (ASX) Chart |