While I would like to consider any kind of takeover scenario of MEL just to fire it up a bit - I can't see MPO figuring in that discussion.
From memory, MPO only owns MEL shares that were given in consideration for MEL to take 100% ownership of CSG/conventional rights over a couple of the Clarence Moreton PEL's. I think MPO changed their strategy to focus outside of Aus (I think?) and has actually already sold down some of their MEL shares previously.
So a highly unlikely scenario IMO.
But I like your sentiment to Buy, Buy, Buy.... I just wish a few more people would share it - as I hold a lot of these already - most of which are now underwater at this price. But I'm still determined to exercise more patience with this type of play than in the past.. held AOE/QGC for a long time - sold out for modest profits on each before they even hit $1 because sentiment seemed to have turned against them and I couldn't see them going anywhere too quickly. Needless to say - once a few more reserves are proven, and some major company is certain of what they are getting - they can re-rate pretty quickly and finish as multi-billion dollar companies... a future I still hope for MEL (which is a big dream given they are only $90m MC at this stage...)
So, am following the current drilling with much interest...
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Last
0.4¢ |
Change
0.001(14.3%) |
Mkt cap ! $5.790M |
Open | High | Low | Value | Volume |
0.4¢ | 0.4¢ | 0.4¢ | $754 | 188.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
10 | 12765502 | 0.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.4¢ | 14531096 | 12 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
10 | 12765502 | 0.003 |
12 | 31475499 | 0.002 |
6 | 59703690 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.004 | 14531096 | 12 |
0.005 | 5954721 | 6 |
0.007 | 100002 | 1 |
0.009 | 80000 | 1 |
0.010 | 1000000 | 1 |
Last trade - 12.37pm 30/08/2024 (20 minute delay) ? |
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