All I'll say is that I'm glad you're not managing the company if you feel that a $5m cap raise is the way to go at this point. Got to remember that they only need $1.3m of total liquidity to drill O2. Connection only matters in a success case. O3 is not yet agreed. They already have $3m debt - in a failure case the difference between $3m and $4m is a case of semantics. The only way forward at that point imho would be to merge with VEN, consolidate and raise.
All I'll say is that I'm glad you're not managing the company if...
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Last
0.3¢ |
Change
-0.001(25.0%) |
Mkt cap ! $4.342M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.3¢ | $301 | 100.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 7966665 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 9273848 | 12 |
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| Last trade - 10.04am 23/08/2024 (20 minute delay) ? |
| MEL (ASX) Chart |