Other Gas stocks went up today as well.
I was concerned with the cash remaining at end of qtr - $4.6m ($7m expended this qtr). I don't think that the SPP was well timed or would have been taken up on mass, which means MEL will need additional cash and soon. They may need to revert to a capital raising.
Will be keeping a close eye on the amount raised from the SPP when released very soon.
solid buying, page-2
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Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $4.342M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.3¢ | $1.49K | 496.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 7670352 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 9266813 | 12 |
View Market Depth
| Last trade - 12.54pm 26/08/2024 (20 minute delay) ? |
| MEL (ASX) Chart |