Their cash postition isn't something that excites investors. They will need to raise capital in the very near term, which i think makes increases the chance of a takeover. Mainly due to the company looking externally for partners/joint ventures and investments before seeking other means of raising needed cash. I did a quick simular comparison of ESG and their reserves which give a price of $1.31 which is only 220% or something above the current trading price (off the top of my head). MEL's reserves are priced rediculously low compared to ESG, i think the overall market is expecting ESG to announce an increase in reserves that is multiples above what the have aimed for. Still, i think MEL is severly undervalued.
- Forums
- ASX - By Stock
- MEL
- $8.60 price target by the company
$8.60 price target by the company, page-9
-
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MEL (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $5.830M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 2105211 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.5¢ | 3778476 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 2105211 | 0.004 |
13 | 25157992 | 0.003 |
10 | 22370899 | 0.002 |
9 | 64603690 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.005 | 3401986 | 6 |
0.006 | 1458000 | 2 |
0.007 | 100002 | 1 |
0.009 | 80000 | 1 |
0.010 | 1000000 | 1 |
Last trade - 16.12pm 04/10/2024 (20 minute delay) ? |
Featured News
MEL (ASX) Chart |
Day chart unavailable