Stumpy let’s put that red herring to the side.
Back in reality MEL have painted themselves into a corner of not having enough cash to drill complete and connect the well.
Expect the company will need to front up to shareholders about the real state of the balance sheet current income produced …. I see a heavily dilutionary cap raise to keep the lights on and to enable completion and connection of O2
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Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.674M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 16630498 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 10381720 | 9 |
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| Last trade - 16.21pm 25/07/2025 (20 minute delay) ? |
| MEL (ASX) Chart |
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