The market appears to have overreacted this morning when MEL was relisted.
It has overlooked -
1) the positives of the recent government approval
2) the improved cash position now secured
3) further cash position improvement to be achieved with funds to come from the SPP
4) favourable SPP pricing
5) and that MEL needs a broader shareholder base
I actually bought a few more shares at these depressed prices
DYOR
market overreaction
Add MEL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $7.237M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 11708141 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 2094532 | 3 |
View Market Depth
| Last trade - 16.12pm 11/07/2024 (20 minute delay) ? |
| MEL (ASX) Chart |
Day chart unavailable