But MEL is out of money after this next drill. Unless they sell the BYE stake, which is hard to envision, they are tapped out until $s flow from one of their projects.
Also, it would be hard to believe that existing shareholders are going to stump up money in a capital raise to fund some other company's project.
Bottom line, either BYE or OLE should make a script offer and give long-suffering MEL shareholders a more liquid and viable corporate structure.
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Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.665M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.2¢ | 0.2¢ | $2.284K | 1.142M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 19005694 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 11409690 | 13 |
View Market Depth
| Last trade - 16.10pm 27/06/2025 (20 minute delay) ? |
| MEL (ASX) Chart |