IMO the most likely candidate to takeover MEL is their other JV partner Bridgeport Energy Limited which is a wholly owned subsidiary of New Hope Corporation Limited (ASX:NHC), which is a 5 billion dollar cap company.
A takeover market cap of $100 million for MEL, IMO is not expensive for 25% interest in a 20 year plus gas resources, where there is potential for further gas discoveries in this highly prospective area.
Ann: Vali Project Commissioning Update, page-16
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0.4¢ |
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Mkt cap ! $5.790M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.4¢ | 0.4¢ | $2.36K | 590K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 19 | 13539897 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 3626407 | 5 |
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| MEL (ASX) Chart |