Reading between the lines this looks a good chance for them giving back the 7.2 cents to shareholders in a few months. There may be some costs though associated with a wind up. Although someone could even probably buy up the volume to 6 cents on the sell side and probably make a decent return on just a wind up despite any costs.
Perhaps though they may only go for a capital return of 4 or 5 cents and leave a smaller shell listed for someone to takeover?
Anyway I am ok with this announcement.
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Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.665M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 19001834 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 10759690 | 12 |
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| Last trade - 09.59am 30/06/2025 (20 minute delay) ? |
| MEL (ASX) Chart |
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