I don’t see too much downside....if SM74 bombs out the SP will cop a hit but I’m punting less % than BYE and add to BYE a likely discounted entitlement issue. Hopefully MEL can maximise their BYE exposure ..get the options and still somehow afford their full entitlement guessing somewhere between 1/5 1/9.. If SM74 comes in I’m guessing again MEL should go up the most ......?
MEL Price at posting:
5.1¢ Sentiment: Buy Disclosure: Held
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