I wouldn't be so sure about the debt. We can only make assumptions. In terms of placements - that was clearly well supported, so nothing to say that participants/others don't want more. We're not talking huge amounts here.
Cant say I agree with that second paragraph - quite emotive. The decline curves so far are very analogous with Santos wells. The only disappointment there has been v2 and 3. We also don't know how much the spp will bring in - they may need no extra for O2.
Ann: MEL Investor Presentation June 2024, page-27
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Mkt cap ! $4.342M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.3¢ | $301 | 100.2K |
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| No. | Vol. | Price($) |
|---|---|---|
| 9 | 7966665 | 0.3¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 9273848 | 12 |
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| MEL (ASX) Chart |