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 27% in 24 months; 3 cash raises in 24 months
METGASCO LTD's ordinary share count grew 26.9%, adjusted for a 1-for-50 share consolidation in November 2025, between July 2024 and July 2025, to 37M shares. The company raised capital three times in the past 24 months, with total disclosed proceeds of A$1.5M, most recently via 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, with the nearest expiry in June 2027. At the June 2026 quarter the company reported A$1.3M in available cash, providing approximately 3.9 quarters of funding at its recent spending rate. No proposed securities issues are pending.
Shares on issue — last 2 years
Cash runway
Issuance timeline
Latest 5 filings (Appendix 2A 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 |
| 24 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 |
| 12 June 2025 | 2A · quoted issue | MEL : ORDINARY FULLY PAID | 1.71B | Appendix 2A |
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 allows 15% of ordinary securities in any 12 months, and every Appendix 3B states how much of it an issue uses.
Pending proposed issues
Options & convertible securities
At $0.019 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.
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 12 Sept 2026.