I was talking purely about drilling O-2, per your post. The $9m gross is for drilling two wells and completing one. It's not about helping, but about KBC legal obligation. Yes MEL have circa 2.3m of current liquidity, hence my comment of a greater quantum of debt. If they can expand the current $5m joint facility to something more like $8m then they won't need to raise any cash.
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
0.2¢ |
Change
-0.001(20.0%) |
Mkt cap ! $3.413M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.2¢ | 0.2¢ | $1.278K | 639.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 18385489 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 6914191 | 10 |
View Market Depth
| Last trade - 14.33pm 18/06/2025 (20 minute delay) ? |
| MEL (ASX) Chart |