I think the official explanation would have to be that both companies were running low on cash and wanted to prioritise commercialising a discovery. The placement/SPP should solve that for MEL, but I can imagine that we'll need to wait a little longer due to Vintage's cash position.This SPP, if successful as expected, puts us in an extremely solid position going forward. Looking back I am a little miffed that they performed the buyback, but clearly they thought at least one previous drill was likely to be a success.
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Last
0.2¢ |
Change
-0.001(20.0%) |
Mkt cap ! $3.665M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.2¢ | 0.2¢ | $360 | 179.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 11172257 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 10182794 | 11 |
View Market Depth
| Last trade - 10.09am 25/06/2025 (20 minute delay) ? |
| MEL (ASX) Chart |