I wouldnt worry too much about the share drop. Of more concern is the reason(s) behind it.
I have been given the name of someone behind it. He has a reputation & track record of using information of a future capital raising to drive the share price down & then get into the stock at a cheap price. The share price has been on a downer for some with no real reason. There has been good drilling results & nothing that would explain a drastic price fall over a length of time.
I am sure the CEO is aware of this, having experienced a similar scenario at a previous company he was associated with.
General discussion (MEI), page-5307
Add MEI (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
11.0¢ |
Change
-0.005(4.35%) |
Mkt cap ! $252.8M | |||
| Open | High | Low | Value | Volume |
| 11.0¢ | 11.0¢ | 10.0¢ | $500.4K | 4.712M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 577565 | 10.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 574230 | 4 |
View Market Depth
| Last trade - 16.10pm 12/11/2024 (20 minute delay) ? |
| MEI (ASX) Chart |