If MEL were to set up a gas well in production tomorrow and have a micro CNG facility there and sell gas at half the cost of imported LPG how many local industries, businesses and residents would be willing to buy this gas if they werent bullied not to?
How big would the demand be?
Would businesses want to establish themselves near the NR if they could cut their energy bill in half? Wasnt there a logistics centre in the area planned for this very reason?
Why are the local meatworks and dairy shareholders in MEL? Are they share speculators or do they see value in getting local access to cheap gas?
Why did ERM buy into MEL at over ten times the current share price?
Still dont see the value?
If MEL were to set up a gas well in production tomorrow and have...
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Mkt cap ! $5.319M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.5¢ | 0.5¢ | $19.17K | 3.834M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 25150249 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.6¢ | 6169647 | 6 |
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| Last trade - 15.50pm 14/05/2024 (20 minute delay) ? |
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| Open | High | Low | Volume | ||
| 0.5¢ | 0.5¢ | 0.5¢ | 235001 | ||
| Last updated 15.50pm 14/05/2024 ? | |||||
| MEL (ASX) Chart |