The pre spp pump as feeble as it was seems to be complete, they have released a swag of news and the market is still disinterested....
No amount of ramping will get MEL moving in the short term I think. I might pick up a few more under 20c in the near future. I got some a few weeks back and quickly gave them back to the market on the attempted news pump, thank goodness I did, however another dip below 20c may be worth while.
Regardless of all the attempted ramping and the thumbs up for the same, MEL is just not moving and any downturn on wall street will be real trouble.
Long way to go before we start cashing in any MEL I think. And for the 50c and I will ell out posts...I don;t think so, not for quite some time anyway.
However nice to see the management getting looked after.NOT!
MEL Price at posting:
21.0¢ Sentiment: Hold Disclosure: Held
