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).
I think that everything is hinging on the 4th new block being...
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Last
5.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $53.93M | |||
| Open | High | Low | Value | Volume |
| 5.0¢ | 5.1¢ | 4.8¢ | $7.65K | 151.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 648 | 5.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.1¢ | 1228 | 1 |
View Market Depth
| Last trade - 15.58pm 05/06/2024 (20 minute delay) ? |
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Last
5.0¢ |
Change
0.000 ( 4.17 %) |
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| Open | High | Low | Volume | ||
| 5.0¢ | 5.0¢ | 5.0¢ | 93752 | ||
| Last updated 11.21am 05/06/2024 ? | |||||
| BYE (ASX) Chart |