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
4.5¢ |
Change
-0.004(8.16%) |
Mkt cap ! $48.54M | |||
| Open | High | Low | Value | Volume |
| 5.0¢ | 5.0¢ | 4.5¢ | $204.6K | 4.334M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1222221 | 4.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.7¢ | 144510 | 2 |
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| Last trade - 16.10pm 15/05/2024 (20 minute delay) ? |
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Last
4.5¢ |
Change
-0.004 ( 10.0 %) |
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| Open | High | Low | Volume | ||
| 4.8¢ | 4.8¢ | 4.5¢ | 1215765 | ||
| Last updated 15.45pm 15/05/2024 ? | |||||
| BYE (ASX) Chart |