MEL: $4m of options on a $5m deal, with 25% premium
VEN: $10m of options on a $10m deal, with ~70% premium.
MEL have effectively traded a lower interest rate for lower strike price. 11/8.5% two years ago is easily 14/11.5% now. MEL has a 10% rate.
I'm not saying that I love it, but I don't think the directors could have done a much better job. Any lender would be looking at the balance sheet to price their deal...MEL were vulnerable and got a relatively comparable deal.
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Ann: $5m debt facility secured to deliver Odin gas to market, page-42
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Last
0.4¢ |
Change
-0.001(20.0%) |
Mkt cap ! $5.790M |
Open | High | Low | Value | Volume |
0.4¢ | 0.4¢ | 0.4¢ | $10.11K | 2.527M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
14 | 11541399 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.5¢ | 4483831 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
14 | 11541399 | 0.004 |
7 | 14261686 | 0.003 |
4 | 16775000 | 0.002 |
3 | 46300000 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.005 | 4483831 | 5 |
0.006 | 5709772 | 9 |
0.007 | 2663797 | 4 |
0.008 | 1035051 | 2 |
0.009 | 80000 | 1 |
Last trade - 12.40pm 12/07/2024 (20 minute delay) ? |
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