It feels a lot like MEL is on auto-pilot and is only reporting what it has to. The chances of raising fresh debt or capital are low. The last roll of the dice was a better result at O-2.
IMO Glennon are probably close to taking control. Act on the debt to secure it and then be the highest bidder on the scraps of MEL. Ugly but that is micro-cap investing for you.
It feels a lot like MEL is on auto-pilot and is only reporting...
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Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $5.790M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 13765502 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 14063479 | 14 |
View Market Depth
| Last trade - 16.12pm 06/09/2024 (20 minute delay) ? |
| MEL (ASX) Chart |
Day chart unavailable