The key words in today’s announcement to me were “fully funded”. Now we can concretely assess where we stand without the uncertainty of future unknown levels of shareholder dilution. The current share price represents an absolute bargain if MEL can genuinely generate $10m+ in free cashflow per annum.
Ann: $5m debt facility secured to deliver Odin gas to market, page-31
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Change
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Mkt cap ! $5.790M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 11882895 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 2738404 | 4 |
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