I just had a thought;
Wonder if the AGL pre-payment has first rights over MEL assets, thus why Glennon are willing to increase their debt facility to help maintain cash flows.
Additionally, from Glennons mandate to not take over control of assets (as explained by the 20% threshold limit) in this announcement it looks like they may also be between a rock and a hard place.
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Last
0.2¢ |
Change
-0.001(20.0%) |
Mkt cap ! $3.665M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.2¢ | 0.2¢ | $360 | 179.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 11172257 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 10182794 | 11 |
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| Last trade - 10.09am 25/06/2025 (20 minute delay) ? |
| MEL (ASX) Chart |