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.
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Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.665M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.2¢ | $3.467K | 1.483M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 18185488 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 5913861 | 9 |
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| Last trade - 16.10pm 19/06/2025 (20 minute delay) ? |
| MEL (ASX) Chart |