Seamfied. Comparisons are the only way to assess value with these companies. How else can you do it given none have earnings but all have reserve estimates of varying possibilities.
Based on comparisons MEL is easily worth in excess of $4-5 to at 75 cents it's a steal in my humble opinion. Recent weakness has been on back of SPP / retail selling. Big guys manipulate price to good level then hoover stock. This ultimately tightens register then off we go again.
We are just on the off we go again stage......
looking good, page-17
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Last
0.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $7.287M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.5¢ | 0.5¢ | $1.317K | 263.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 13004389 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 513939 | 2 |
View Market Depth
| Last trade - 15.10pm 18/11/2024 (20 minute delay) ? |
| MEL (ASX) Chart |