Time will tell what the future share price will be, that is my opinion only and could definitely be wrong, the future cash flow will be a major component determining its future share price like all other shares on the ASX, as I said my cash flow figures are my opinion only, a lot of unknowns.
In the next 3 quarters we will get a clear picture of what the cashflow will be. If the cashflow will be around or above $1 million/month, I can't see MEL's SP being anywhere near here, my opinion only.
This year will see MEL experience a lot major milestones and changes: from explorer to producer, have a positive cashflow, identify new drilling prospects for next years drilling program and possibly new projects put into MEL, IMO all positive for the share price, time will tell.
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Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $5.511M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 6445909 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 11003663 | 9 |
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| Last trade - 16.21pm 08/08/2025 (20 minute delay) ? |
| MEL (ASX) Chart |
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