Very hard to imagine they would dump their strategic holding at year low prices .
They would know that 4 successful wells in a row and a flow of Announcements with potentially information that could materially lift the share price would give them opportunities to exit at a better price if they are patient .
I am not sure why they are doing what they are doing but doubt they are leaving the building .
We are seeing plenty of buying support though .
Be interesting if we see some buy side significant holding Announcements soon .
If they don't take up any rights and the 4 c options and the 3.1 c options get converted their percentage holding and their power to influence will drop considerably .
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Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.665M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 100000 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.2¢ | 99999 | 1 |
View Market Depth
| Last trade - 09.32am 24/06/2025 (20 minute delay) ? |
| MEL (ASX) Chart |
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