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.
Ann: Termination of Keybridge relationship, page-38
Add MEL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.5¢ |
Change
-0.001(16.7%) |
Mkt cap ! $6.244M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.5¢ | 0.5¢ | $4.914K | 982.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 18557960 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 17219 | 1 |
View Market Depth
| Last trade - 16.10pm 13/06/2024 (20 minute delay) ? |
|
|||||
|
Last
0.5¢ |
Change
-0.001 ( 0.00 %) |
||||
| Open | High | Low | Volume | ||
| 0.4¢ | 0.5¢ | 0.4¢ | 267219 | ||
| Last updated 15.19pm 13/06/2024 ? | |||||
| MEL (ASX) Chart |