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.
On the SP problem, many of those buying into MEY before the...
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Last
29.5¢ |
Change
0.015(5.36%) |
Mkt cap ! $90.99M | |||
| Open | High | Low | Value | Volume |
| 30.0¢ | 31.0¢ | 29.0¢ | $61.61K | 207.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 20179 | 29.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.5¢ | 3000 | 1 |
View Market Depth
| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| EL8 (ASX) Chart |