It looks like all the MELOA bids have been wiped .
I had a small buy order at 0.1 cent and when I went to cancel it this morning it was already gone .
When I checked the BUY /SELL screen all the BUY orders were gone .
Looks like it is a dead duck unless they Announce a good GSA with a significant pre payment soon.
I am relaxed about them expiring as they would be effectively a large dilutionary capital raising where a pre payment is a loan .
A pre payment usually comes at a discounted price so that its effective interest rate is high so there are trade offs between that and raising more capital .
However even though there is still uncertainty in the value of the resources they have found I feel that the value is well in excess of the share price and a pre payment is the way to go .
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
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 |
View Market Depth
| Last trade - 16.21pm 25/07/2025 (20 minute delay) ? |
| MEL (ASX) Chart |
Day chart unavailable