Poyndexter
"It is good that management resisted the urge to prove up more CBM reserves than current projects require"
Exactly, they're cashed up right now, and they know they are sitting on huge reserves. With a good result at kingfisher they can start turning CBM permits into honeycomb.
If an ambiguous result, share price will hold up or even surge,
If its a duster sp might drop 20% at most, but loads of $$ will be waiting for just that to happen before investing so who knows might drop far less than that.
Poyndexter"It is good that management resisted the urge to prove...
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add MEL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $5.790M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.4¢ | 0.4¢ | $7 | 1.718K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 13765502 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 14029479 | 13 |
View Market Depth
| Last trade - 15.19pm 04/09/2024 (20 minute delay) ? |
| MEL (ASX) Chart |