IMO the price has been capped by the big players getting their fill, once production starts and cashflow becomes evident, MEL will be rerated, the only sellers now are the retail investors.
A lot to look forward to this year, initial gas production from all the Vali wells, Odin wells coming on production, seismics over other underexplored areas in their tenements, scheduling of new targets to drill in 2024.
Possibly new projects added to MEL.
Ann: Vali and Odin on schedule for first gas, page-106
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Last
0.4¢ |
Change
-0.001(11.1%) |
Mkt cap ! $5.790M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.4¢ | 0.4¢ | $2.36K | 590K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 19 | 13539897 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 3626407 | 5 |
View Market Depth
| Last trade - 15.09pm 24/07/2024 (20 minute delay) ? |
| MEL (ASX) Chart |