A broken clock is right twice a day haha. Will be interesting to see if there is any meat to this, or simply being a case of MEL blindly following VEN. It wasn't insane volume from them yesterday, but it would've ticked a few TA boxes and gotten them on some radars...and we are linked to their train. Having said that...reserves must be mightily close...and once reserves are in there is nothing stopping a GSA/processing deal/pre-payment/infrastructure deal/FID...I don't believe that they've received joint marketing permission for Odin, so I can't see the flow test there being a pre-condition for anything.
Regardless, great to see some solid volume for MEL today. There wasn't a huge amount of underwritten shares to be overhanging; so hopefully will have at least one set of options in the money soon.
Ann: Cervantes Letter of Intent signed, page-28
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Last
0.4¢ |
Change
0.001(14.3%) |
Mkt cap ! $5.790M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.4¢ | 0.4¢ | $754 | 188.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 12765502 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 14531096 | 12 |
View Market Depth
| Last trade - 12.37pm 30/08/2024 (20 minute delay) ? |
| MEL (ASX) Chart |