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0.4¢ metgasco ltd

Ann: Operations Update, page-52

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boysy1

9,268 Posts.

725

25/03/24

11:44

Post #: 73041350
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Originally posted by Mitchdon ↑

Why do you think that @boysy1 ?

IMO VEN's lack of funding was a major block to the development of Odin 2 and 3? Having that resolved, as painful as it is for VEN, is a positive for MEL. The JV was at a stalemate until VEN got funding.

I realize it still means MEL is looking for new debt or equity but the story gets easier to tell if the major partner is now funded.

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so balls in MELs court to raise capital to participate in Odin 2/3

From VENs cap raise use of proceeds

MEL Price at posting: 0.7¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

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(20min delay)
Last 0.4¢		Change -0.001(20.0%)		Mkt cap ! $5.319M

Open	High	Low	Value	Volume
0.4¢	0.4¢	0.4¢	$1.333K	333.3K

Buyers (Bids)

No.	Vol.	Price($)
10	25672161	0.4¢

Sellers (Offers)

Price($)	Vol.	No.
0.5¢	1128989	2

View Market Depth

No.	Vol.	Price($)
10	25672161	0.004
6	13791686	0.003
3	15600010	0.002
2	45500000	0.001
0	0	0.000

Price($)	Vol.	No.
0.005	1128989	2
0.006	6169647	6
0.007	1666666	1
0.008	1987724	5
0.009	2000000	1

Last trade - 14.14pm 15/05/2024 (20 minute delay)

MEL (ASX) Chart

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