On the SP problem, many of those buying into MEY before the resource updgrades expected Areva to jump in and take a bigger position or take over the company. This hasn't happened and now managmenet are faced with the task of raising cash and going it alone. As a result interest has waned badly. B77 you are also spot on: "do not rule out a placing at a premium to the prevailing SP".
I will hold as I believe in the resource but I don't expect things to improve for now, unless Areva (or other outside party) shows some renewed interest.
burning down the house, page-5
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Last
39.5¢ |
Change
0.005(1.28%) |
Mkt cap ! $121.8M | |||
| Open | High | Low | Value | Volume |
| 41.0¢ | 41.5¢ | 39.5¢ | $418.1K | 1.021M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 12818 | 39.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 40.0¢ | 8777 | 1 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| EL8 (ASX) Chart |