I don't mind the idea. A 1:2 deal based on current valuations would result in a circa $60m market cap company with 400m shares on issue....but importantly, with MAY/Purcell only controlling circa 9%. Will be interesting to see how the MAY side of things unfolds, as on paper it looks like it was a backdoor cap raise - which means that they will need to sell something - be it the BYE distribution, or the MEL shares.
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Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.665M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.2¢ | 0.2¢ | $64 | 31.86K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 9812164 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 11409690 | 13 |
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| Last trade - 09.59am 27/06/2025 (20 minute delay) ? |
| MEL (ASX) Chart |