Would love to know the motive at this point. If it's a takeover...

  1. 6,693 Posts.
    lightbulb Created with Sketch. 993
    Would love to know the motive at this point. If it's a takeover we should find out once/if they hit 20%. Could it possibly be that they're angling for a board seat in order to direct funds to MEO's Cuban drilling? Not happy with the distribution being made and want to vote it down in favour of another option? Or simply that we're a cashbox with additional assets not recognised by the market?

    Picked up a few more (against my better judgment) yesterday at 5.9. Seems to be limited downside from here, but would love to see some more detail. Appears that the old board are hanging on at this point.
 
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(20min delay)
Last
0.2¢
Change
0.000(0.00%)
Mkt cap ! $3.665M
Open High Low Value Volume
0.2¢ 0.2¢ 0.2¢ $2.284K 1.142M

Buyers (Bids)

No. Vol. Price($)
10 19005694 0.2¢
 

Sellers (Offers)

Price($) Vol. No.
0.3¢ 11409690 13
View Market Depth
Last trade - 16.10pm 27/06/2025 (20 minute delay) ?
MEL (ASX) Chart
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