METGASCO LTD
ASX:MELEnergyToday’s holders own 99.6% of what they think they own, once every option and right converts.
Runway 2–4 quarters; share count grew 26% in 24 months; 3 cash raises in 24 months
METGASCO LTD's ordinary share count rose 26.0% between September 2024 and July 2025, its latest share-count filing, to 37M shares (adjusted for a 1-for-50 share consolidation completed in November 2025). The company raised capital three times in that period for total disclosed proceeds of A$1.5M, most recently a Placement in July 2025. Options and rights on issue could convert into 140,000 new shares, equal to 0.4% of the current share count; none are in the money, and the nearest expiry is June 2027. The company has 2 to 4 quarters of funding at the recent spend rate. No proposed securities issues are currently pending.
Quick answers · 2
How much cash does MEL have?
In its quarterly cash report for the quarter ended 30 June 2026, Metgasco reported $1.6M of cash and estimated 1.0 quarter of funding available at its current rate of spending. That is the company's own estimate.
When do MEL's options expire?
Unexercised options and rights equal 0.4% of Metgasco's shares on issue; the nearest expiry is June 2027.
Shares on issue — last 2 years
Cash runway
Issuance timeline
Latest 5 filings (Appendix 2AThe form a company lodges to have new securities quoted on the ASX. It restates how many of each class are on issue. quoted issues, 3G unquoted, 3H cancellations)
| Date | Form | Security | On issue, per this filing | Source |
|---|---|---|---|---|
| 20 Apr 2026 | 3H · cancellation | MEL : ORDINARY FULLY PAID | 36.7M | Appendix 3H |
| 25 Mar 2026 | 3H · cancellation | MEL : ORDINARY FULLY PAID | 36.7M | Appendix 3H |
| 22 July 2025 | 2A · quoted issue | MEL : ORDINARY FULLY PAID | 1.84B | Appendix 2A |
| 17 June 2025 | 2A · quoted issue | MEL : ORDINARY FULLY PAID | 1.83B | Appendix 2A |
| 13 June 2025 | 2A · quoted issue | MEL : ORDINARY FULLY PAID | 1.71B | Appendix 2A |
Securities on issue over time
Ordinary shares and every option and rights class, month by month over two years. The top edge is the fully diluted count.
Capital raises
3 cash raises in the last 24 months · 0 in the last 12 months
Forward supply
Every dated event on record that could add securities to the register — option expiries to their stated dates and proposed issues over the next 18 months, on one timeline.
Placement capacity
How much stock a company can place without asking holders. Listing Rule 7.1 / 7.1ARule 7.1 lets a company issue up to 15% of its shares in 12 months without a shareholder vote. Rule 7.1A adds 10% for smaller companies whose holders approve it. allows 15% of ordinary securities in any 12 months, and every Appendix 3BNotice that a company proposes to issue new securities, such as a placement. The securities are not on issue until a later filing confirms it. states how much of it an issue uses.
Pending proposed issues
Options & convertible securities
At $0.015 today, 0 securities are in the money (0.0% of shares on issue). No price up to ten times today’s switches on any more priced supply.
- Priced supply in the money at the price on the axis — the curve, and the only thing on it. Ten prices, sampled: between two of them the true figure lies between the two.
- 140k more carries an exercise price above ten times today’s — off the right of this axis, and in every total on this page.
| Code | Security | Type | Exercise price | Expiry | On issue | Source |
|---|---|---|---|---|---|---|
| MELAR | Options | Price-triggered | $0.50 | 4 June 2027 | 140k | Filing |
“Nil” is a stated nil exercise price: nothing is paid to convert. An em dash means the filing names no exercise price at all. Security is read from the filing’s own class description; an em dash there means the description is not one this table labels. One row is one security class, at the number stated in the most recent quotation application that restated it — linked, and dated, in the last column. For what expires soon across other listed companies, see the options expiry calendar.
Director dealings
| Date | Director | Type | Shares | Options | Other | Value | Source |
|---|---|---|---|---|---|---|---|
| 13 June 2025 | Ken Aitken | Buy entitlement/SPP | 3.4M | — | — | — | 3Y notice |
| 13 June 2025 | Michael Glennon | Buy entitlement/SPP | 150.9M | 64.0M | — | — | 3Y notice |
| 13 June 2025 | Robbert Willink | Buy entitlement/SPP | 4.7M | — | — | — | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 Oct 2026.