The only problem with that is that every time that MEL needs cash the BYE shareholding will get whittled away .
The Market knows that and that is why there is a big discount .
The Market thinks there is nothing on MEL's investment horizon that has as much potential as what BYE has over the next few years .
They may prove the Market wrong if they are lucky but BYE does not need that much luck . It imo has a high COS growth path ahead of it and the revenue stream to pay for it .
I would much rather be the owner of more BYE shares and shares in a slimmed down MEL exploring for oil and gas in Australia than a bigger MEL that cannot make up its mind to be an investment company or an exploration company .
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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