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.
But MEL is out of money after this next drill. Unless they sell...
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Last
0.5¢ |
Change
-0.001(16.7%) |
Mkt cap ! $6.988M | |||
| Open | High | Low | Value | Volume |
| 0.6¢ | 0.6¢ | 0.5¢ | $14.96K | 2.992M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 13713050 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 51000 | 1 |
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| Last trade - 15.48pm 26/06/2024 (20 minute delay) ? |
| MEL (ASX) Chart |