Thanks @stumpytrunks , if management are taking voluntary cuts in an effort to support MEL that is some serious commitment to the company.
MEL needs $1m for their share of perforation, completion and connection of O-2, have $881 cash on hand. They have already signalled another CR top up to get the remaining funds. So soph's tip in another $3-400k and we all get to see what O-2 actually looks like. I think that the major SH's would be interested enough in O-2 to advance that funding.
The dilution sucks but it is good to be alive! Good luck all MEL and VEN holders.
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Last
0.3¢ |
Change
0.001(25.0%) |
Mkt cap ! $4.267M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.3¢ | $1.242K | 496.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 17714111 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 6914191 | 10 |
View Market Depth
| Last trade - 11.39am 17/06/2025 (20 minute delay) ? |
| MEL (ASX) Chart |