Unfortunate to see the SP action this morning. will it hold? or sink further? is this a reaction to VMM's result? I think the biggest elephant in the room is actually our neighbor VMM. Their asset looks just as good as MEI while being MC'd much lower. MEI is more advanced and better positioned with cash but VMM will catch up. Thier valuation is keeping MEI in check in my opinion. I think the MC will close either by VMM going up, MEI going down or combination of both. Keen to see how much VMM will raise in their latest CR.
General discussion (MEI), page-4245
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Last
10.5¢ |
Change
0.010(10.5%) |
Mkt cap ! $241.3M | |||
| Open | High | Low | Value | Volume |
| 9.7¢ | 11.0¢ | 9.7¢ | $643.9K | 6.336M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 19999 | 10.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 1948974 | 23 |
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| Last trade - 16.10pm 19/11/2024 (20 minute delay) ? |
| MEI (ASX) Chart |