Yes I have both too but a much larger holding in BYE .
I bought into MEL because of its leverage to SM54 and thought I had lost a good bit of my investment .However I have averaged down after MEL developed the discount to its BYE holding and am back in the Green today .
Yes you were right with your 5 cent call .
You very well could also be right with your call that MEL could do better than BYE but it is a much riskier play and not many of the late arrival micro caps in the Cooper or the other QLD Basins or the Perth Basin ( until just recently ) have done very well .
Unfortunately they will not be able to hold on to many of their BYE shares as time goes on .
Still think that there is more to play out with the TO , doubt that they would go to the trouble and expense to bid if they did not have a plan .However the present deal has Buckley's .
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Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.674M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 16630498 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 10381720 | 9 |
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| Last trade - 16.21pm 25/07/2025 (20 minute delay) ? |
| MEL (ASX) Chart |
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