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0.4¢ metgasco ltd

KBC have a history with MEL of not disclosing each 1%.

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capital3157

1,960 Posts.

300

15/03/23

09:12

Post #: 66770335
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Originally posted by stumpytrunks: ↑

Perhaps it's a low rate? I haven't seen any recent deals in the O&G space in single digits?

One thing to consider - is it Keybridge keeping it low? If they were selling it down to get a good deal then they would release the handbrake now - as it isn't in their best interest unless they are planning a takeover themselves. Yet the sell side is still stacked with those large parcels? They would also need to update the market on every 1% move...so either they're not updating the market or they aren't selling that much. If they aren't selling that much...who is? The options issue is feeling more and more like a defensive play. If KBC were a predator then it would be obvious to management and they could've struck a loan deal with a different third party. Something is happening, but sometimes it isn't the 'obvious'.

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KBC have a history with MEL of not disclosing each 1%.

MEL Price at posting: 2.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 0.4¢		Change 0.000(0.00%)		Mkt cap ! $5.790M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
5	8767603	0.3¢

Sellers (Offers)

Price($)	Vol.	No.
0.4¢	12148310	12

View Market Depth

No.	Vol.	Price($)
5	8767603	0.003
10	22820899	0.002
10	74136865	0.001
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.004	12148310	12
0.005	7964321	8
0.007	100002	1
0.009	80000	1
0.010	1000000	1

Last trade - 10.04am 27/09/2024 (20 minute delay)

MEL (ASX) Chart

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