...looks like VEN will go sub 6c any minute....no interest......

First 83 Last

Share
Profile

Follow
hombre cara

29,073 Posts.

643

21/04/23

22:00

Post #: 67404370
Share

Originally posted by jophda: ↑

Hi Old Geo
The options cost them nothing , but they do have value to them , they were the steak knives of the deal .
They are a free play on the MEL share price going above 2.5 cents during the period that they are live .
They will only be taken up if they are in the money .
They do have a cost though and it can be very high , however that cost is born by the share holders that don't have the options because of the dilution of ownership of shares issued below the Market price if they are redeemed .

I agree with Stumpy that the loan deal is comparable to other similar loan deals for micro explorers moving towards first revenue .
It does not seem particularly onerous and up until this stage it has been profitable but without being a bonanza result for Keybridge .
If they thought that production was going to produce a huge jump in MEL,s share they would not be selling at 1.9 .

Don't think we can just blame Keybridge ,
VEN is suffering the same malaise in its share price .
Lets hope that the cashflow from production shows that selling at the current share price was over pessimistic .
Don't think we will see much in the next quarterly , it will be the one after that that will be the most informative for the business going forward .

Expand

...looks like VEN will go sub 6c any minute....no interest......

MEL Price at posting: 1.8¢ Sentiment: Hold Disclosure: Held
3 Upvote

0 Great analysis

Reply

Top Stories

CUV

British study shows Clinuvel drug effective on DNA of UV-damaged skin

RHI

Red Hill Minerals Signs $6.5 Million Agreement with Peel Mining to Explore Curnamona Project, NSW

RZI

Raiz to exit Malaysia; focus on Australian business growth

AWJ

Auric jumps 10% on maiden cash sales in Q3CY24 and firm guidance

KGL

KGL sniffs 19% Cu from drilling at Rockface play in NT

There are more pages in this discussion • 12 more messages in this thread...

First 83 Last

Add MEL (ASX) to my watchlist

(20min delay)
Last 0.5¢		Change 0.000(0.00%)		Mkt cap ! $6.987M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
1	3000	0.5¢

Sellers (Offers)

Price($)	Vol.	No.
0.6¢	5019540	12

View Market Depth

No.	Vol.	Price($)
1	3000	0.005
11	13612716	0.004
8	16592019	0.003
5	16775010	0.002
3	46300000	0.001

Price($)	Vol.	No.
0.006	5019540	12
0.007	845333	4
0.008	1035051	2
0.009	80000	1
0.010	1000000	1

Last trade - 12.11pm 05/07/2024 (20 minute delay)

MEL (ASX) Chart

Day chart unavailable

...looks like VEN will go sub 6c any minute....no interest......

British study shows Clinuvel drug effective on DNA of UV-damaged skin

Red Hill Minerals Signs $6.5 Million Agreement with Peel Mining to Explore Curnamona Project, NSW

Raiz to exit Malaysia; focus on Australian business growth

Auric jumps 10% on maiden cash sales in Q3CY24 and firm guidance

KGL sniffs 19% Cu from drilling at Rockface play in NT

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

...looks like VEN will go sub 6c any minute....no interest......

Top Stories

British study shows Clinuvel drug effective on DNA of UV-damaged skin

Red Hill Minerals Signs $6.5 Million Agreement with Peel Mining to Explore Curnamona Project, NSW

Raiz to exit Malaysia; focus on Australian business growth

Auric jumps 10% on maiden cash sales in Q3CY24 and firm guidance

KGL sniffs 19% Cu from drilling at Rockface play in NT

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News