Awaiting response from the board.
MAY have 1.6 billion shares on issue and will issue further shares for the acquisition of MEL at 4 MAY for 1 MEL share.
MEL has 392.9 so times 4 = 1.5716 billion additional MAY shares taking the issue in excess of 3 billion.
What usually happens then is a reduction in share cap and shareholders are out of pocket further, I do not think this is in the best interest of shareholders and hopefully the board will advise against this
News: MEL Melbana Energy Announces Conditional Intention To Make A Takeover Offer For Metgasco, page-2
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.674M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 16630498 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 10381720 | 9 |
View Market Depth
| Last trade - 16.21pm 25/07/2025 (20 minute delay) ? |
| MEL (ASX) Chart |
Day chart unavailable