They will be hoping to get the SP above 4c before the options expire .
About $7.3 million if they get exercised.
Two successful wells in the Cooper Basin should achieve that , the option expiry of 31 Dec 2021 would probably be just before the Cervantes well.
BYE probably will drill a well before Cervantes is drilled also.
If the Copper Basin drilling does not get the options into play they might just say bye bye to their BYE shares.
The relatively low option price and short run time were selected for a reason .
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Last
0.2¢ |
Change
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Mkt cap ! $3.665M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.2¢ | $7.983K | 3.511M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 9832429 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 11398095 | 12 |
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| Last trade - 11.48am 26/06/2025 (20 minute delay) ? |
| MEL (ASX) Chart |