IMO this is the final act for MEL
Large shareholders will want to keep the cash intact. It is now trading at 18 million market cap with 13 million the bank.
I see it going to cash backing and then a completely new direction strategy.
I highly doubt MEL will ever explore for gas in any of their northern river tenements. Remember ERM is next door as well so they won't go near them either.
With out political support you are as good as dead. Especially when the State owns the resource. What a communist BS principle that is. Governments are now fat and lazy with royalties flowing in. Money for nothing.
Dex is right so get over it E Me. MEL and politics are now the same thing.
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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 | 16229999 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 10393315 | 10 |
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| Last trade - 16.21pm 23/07/2025 (20 minute delay) ? |
| MEL (ASX) Chart |
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