I agree, we shouldn't be worried.
MEL stands in a good position esp. when comparing with our peers. The HQCEC 19.9% stake in LNG demonstrates more good things to come.
A catalyst for MEL would be the completion of the feasibility studies for MEL-LNG (a pipeline from Casino to Gladstone). If proven the project to Gladstone is economical and feasible. MEL would see a re-rating and interested companies possibly trying to takeover us whether it would be Chinese companies or local companies. But I'm sure a company like Dart Energy DTE would be watching over MEL's developments. Further upgrades to our CSG and conventional gas reserves would be a strong plus.
Have a look around companies like ICN, BUL, COI, and DTE don't have any certified reserves in Australia. Apart from comparing with ESG or BOW. I think MEL is in a good position. Being undervalued at the moment would definitely raised the eyebrows of interest parties, hold on till the coming weeks and months.
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Last
0.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $7.287M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 1577310 | 0.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.6¢ | 6848781 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 1577310 | 0.005 |
9 | 13072965 | 0.004 |
14 | 22922936 | 0.003 |
8 | 20519288 | 0.002 |
7 | 61603690 | 0.001 |
Price($) | Vol. | No. |
---|---|---|
0.006 | 6848781 | 5 |
0.007 | 1100002 | 2 |
0.009 | 1330000 | 3 |
0.010 | 6117355 | 4 |
0.012 | 3140000 | 2 |
Last trade - 16.12pm 18/10/2024 (20 minute delay) ? |
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