MEL 0.00% 0.4¢ metgasco ltd

another one down, page-9

  1. 1,171 Posts.
    lightbulb Created with Sketch. 110
    I don't know to tell the truth. Originally it was long term, but I have been in and out of this stock a few times because of the variability of the share price - often spikes for no real reason and comes back down hard. Also depends on personal circumstances at the time (sold for a tidy profit last year to pay for one of my children's Christenings). Just have noticed a lot of selling recently and I think it is a large hedge fund probably needing to raise cash.

    But in the end I think the assets are great - both short and long term holds at these prices are likely to be profitable.

 
watchlist Created with Sketch. Add MEL (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.