IMO the most likely candidate to takeover MEL is their other JV partner Bridgeport Energy Limited which is a wholly owned subsidiary of New Hope Corporation Limited (ASX:NHC), which is a 5 billion dollar cap company.
A takeover market cap of $100 million for MEL, IMO is not expensive for 25% interest in a 20 year plus gas resources, where there is potential for further gas discoveries in this highly prospective area.
IMO the most likely candidate to takeover MEL is their other JV...
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Last
0.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $6.987M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 11112716 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.6¢ | 5019540 | 12 |
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| Last trade - 13.40pm 04/07/2024 (20 minute delay) ? |
| MEL (ASX) Chart |
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