Who cares on volume?? That is completely irrelevant and misdirection with the current destruction of the SP. The fact is some people see no value in MEI and are willing to sell at a lower price. Reasons of weak hands of tree shaking are non sensical and are just a cop out to make non sophisticated investors feel smart. Bottom line enough people are not seeing the promises and value they were sold.
Sophisticated investors aren't some esoteric all powerful mob just because of the volume of shares they have. Currently they look like bigger fools than us current holders and the previous owners who sold out at what is now a premium. One can also argue the fact they haven't been averaging down from 5 cents is telling as is the lack of buying.
AT also stated "by mid January" but yeah I'm sure "late February" is the go.
Ann: Quarterly Activities Report, page-63
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Last
10.5¢ |
Change
0.005(5.00%) |
Mkt cap ! $240.5M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 11.0¢ | 10.0¢ | $567.0K | 5.301M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 229960 | 10.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 932844 | 10 |
View Market Depth
| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| MEI (ASX) Chart |