The issue is that meaningfully increased production requires expertise and then Capex. ie $.in order to get to break even.
Funds are not available as the recent placing and SPP have shown. Even the one before was sub scale.
What a CEO of a company with no operating assets does all day is beyond me. This has become a lifestyle company.
It needs a new owner with scale, expertise and capital.
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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 |
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| Last trade - 11.39am 17/06/2025 (20 minute delay) ? |
| MEL (ASX) Chart |