Looking at entering, chart looks amazing. Breaking out to recent highs on massive volume.
One thing I cannot explain though is the very low market cap at ~$32m given the P50 resource base. At $100 oil prices, that's $460m worth. Could this be a T|E|N ba.gger+ from here? Even VEN, the other 30% entitlement JV partner is trading at $75m market cap, double of MEL. We should at least be trading at the same levels.
What am I missing here? Or is this market discovery process happening now revaluing to fair value.
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 (20min delay)
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Last
0.3¢ |
Change
0.001(25.0%) |
Mkt cap ! $4.592M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.3¢ | $7.276K | 2.910M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 6630498 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 10843632 | 8 |
View Market Depth
| Last trade - 14.16pm 30/07/2025 (20 minute delay) ? |
| MEL (ASX) Chart |