Right now its not a good time to release results so its working in our favour, there may be some issues and sometimes they hold off informing the market if its minor and will release it when those issues have been resolved or maybe they are waiting for all 3 wells to be connected and they will then inform the market when all 3 wells are producing and provide a combined production rate.
I have no doubt they are working in the best interest of shareholders.
The whole spec market is stuffed and alot of spec will go under, especially those with alot of debt who have trouble servicing it but the market always recovers.
IMO MEL is a very good position now with the extra money been raised and with production starting. Expecting a big year this year for MEL with alot of big announcements coming and next year may be even bigger with the drilling of exploration wells on their very prospective grounds,
Right now its not a good time to release results so its working...
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Last
0.4¢ |
Change
-0.001(20.0%) |
Mkt cap ! $5.790M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.4¢ | 0.4¢ | $10.11K | 2.527M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 11541399 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 4483831 | 5 |
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| Last trade - 12.40pm 12/07/2024 (20 minute delay) ? |
| MEL (ASX) Chart |