VEN has signalled what the near term program will be in the Cooper and they have organised the funding to pay for it and Cervantes and a minor amount for work moving their CO2 project forward .
The Elephant in the Room for MEL is how they will fund their share of the projects .
They have 25% of the gas prepayment but they need more .
What combination of loan funds and new capital will be used and what will be the cost of loans ( VEN's came with strings attached ) and the issue price of any new capital .
I hope they do not farm down Cervantes as it is potentially a game changer for them but getting the money together to pay for everything could be painful .
The Market is well aware of the situation and is waiting for some clarity .
There is great value in what they have discovered but it will not be until we are funded to first revenue that it will begin to be reflected in the share price .
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Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.665M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 19285488 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 5913861 | 9 |
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| Last trade - 16.12pm 20/06/2025 (20 minute delay) ? |
| MEL (ASX) Chart |
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