I finally got back into MEL at 2.8c this morning after a 4-5 day wait in the queue
Based on my trading history of nearly always losing money on my buy price not long after i buy, i reckon 2.6 might be a chance in the short termbut with the Cervantes drill coming up very soon now that STX is in a TH, it means they are very close to releasing their rig to MEL as the SP should go up as the drilling happens.
If STX release good news on Monday, i reckon that will help us due to nearology (yes i know STX is after gas in the Kingia at greater depths while we are after oil at a much shallower depth) but any success in the PB will improve investor sentiment and volumes.
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Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.674M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 16630498 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 10381720 | 9 |
View Market Depth
| Last trade - 16.21pm 25/07/2025 (20 minute delay) ? |
| MEL (ASX) Chart |
Day chart unavailable