The 4 cent options were allocated to all share holders after the options that were attached to the placement and share holder SPP were not allocated .
Three proposals including the placement shares to investors , the options to advisors and the options to the shareholders that took up the SPP were all withdrawn in the Annual Meeting during which the BOD had to survive a spill motion .
Ironically those were 5 cent options and were Sept 30 2021 expiry that would not have got in the money . If a gas pre payment comes before the 4 cent options expire then they have a good chance of being redeemed.
Love the volume going through at the present time .
MEL Price at posting:
3.1¢ Sentiment: Buy Disclosure: Held
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