MEL 0.00% 0.5¢ metgasco ltd

In the end, a placement and SPP has been locked in. A price for...

  1. 6,530 Posts.
    lightbulb Created with Sketch. 958
    In the end, a placement and SPP has been locked in. A price for those has been locked in. Either participate, hold or sell.

    We can grumble all we want, but now we have a fully funded company that can finally do what it has wanted to do for years. Cap raisings don't just coming overnight. Let;s not forget that approvals were 'imminent' for a period of time that was closer to an eternity. I'd rather a diluted fully functioning company than an insolvent one. A court ruling against a European bailout would have seen the whole market get smashed. That ruling was the night of the trading halt.

    I don't think anyone would be overjoyed about the price/dilution. However, if the company can value add to a level that outweighs that dilution we are all winners. We have been given a stunning opportunity to get this at bargain basement prices. A new chapter is opening and in my opinion there was 17 pages worth of economic road map presented to anyone who card to fully take it in today.
 
watchlist Created with Sketch. Add MEL (ASX) to my watchlist
(20min delay)
Last
0.5¢
Change
0.000(0.00%)
Mkt cap ! $6.244M
Open High Low Value Volume
0.5¢ 0.5¢ 0.5¢ $7.178K 1.435M

Buyers (Bids)

No. Vol. Price($)
1 1971842 0.5¢
 

Sellers (Offers)

Price($) Vol. No.
0.6¢ 7553244 12
View Market Depth
Last trade - 15.37pm 19/06/2024 (20 minute delay) ?
MEL (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.