I think that everything is hinging on the 4th new block being awarded. That has to happen by the 22nd of June (90 day limit). From there I would imagine that OEL and MEL will farm into the new blocks (which won't raise much cash, as they didn't cost much); and that MEL will farm in to SM71 to cover BYE's cash shortfall. OEL is fully funded following the issuance of convertible notes - so could be full steam ahead very shortly. As a MEL holder I'm crossing my fingers that we acquire a 10% interest for around $3 million (what I see as fair value).
Ann: Byron Awarded South Marsh Island Block 74, page-8
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Last
6.6¢ |
Change
0.002(3.13%) |
Mkt cap ! $71.2M | |||
| Open | High | Low | Value | Volume |
| 6.4¢ | 6.6¢ | 5.8¢ | $48.49K | 760.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9250 | 5.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.9¢ | 14000 | 1 |
View Market Depth
| Last trade - 14.44pm 26/04/2024 (20 minute delay) ? |
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Last
5.8¢ |
Change
0.002 ( 1.69 %) |
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| Open | High | Low | Volume | ||
| 5.8¢ | 5.8¢ | 5.8¢ | 25206 | ||
| Last updated 10.34am 26/04/2024 ? | |||||
| BYE (ASX) Chart |