Thinking about if from a different angle - management must have determined that they needed up to $2.5m to drill, complete and connect and usher the company through to first revenue - presumably with buffer. So as long as they have projected accurately - and let's face it, they have the most complete information available - all they need to do is get the spp over the line, or find a supplementary source (debt or placement) to fund any difference. $1.5m seems like a fair task at this point, but ultimately it is only 50 entities at $30k. You'd assume the majority of top twenty would be in, plus directors....which is ~ half the required amount straight up.
- Forums
- ASX - By Stock
- Ann: MEL Investor Presentation June 2024
Thinking about if from a different angle - management must have...
-
-
- There are more pages in this discussion • 30 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MEL (ASX) to my watchlist
|
|||||
Last
0.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $6.987M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
10 | 11274716 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.5¢ | 1119403 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
10 | 11274716 | 0.004 |
8 | 15262019 | 0.003 |
5 | 16775010 | 0.002 |
3 | 46300000 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.005 | 1119403 | 2 |
0.006 | 4689540 | 10 |
0.007 | 2511999 | 5 |
0.008 | 500000 | 1 |
0.009 | 80000 | 1 |
Last trade - 10.13am 03/07/2024 (20 minute delay) ? |
Featured News
MEL (ASX) Chart |
Day chart unavailable
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, CEO & MD
Anthony Noble
CEO & MD
Previous Video
Next Video
SPONSORED BY The Market Online