I have been following MEL and impressed by the reporting of increased reserves etc. But i´m slightly confused by how the company plans to develop these reserves commercially? The website mentions a 30MW power station, how far has this station come along? Website also mentions avoiding early development of pipelines and high power lines. How are they going to get the gas out on the market? I feel underinformed about the commercial work been taken.
I hold the stock but am at crossroads whether to increase or not because of the vague reporting of how they are going to sell the gas.
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Last
93.5¢ |
Change
-0.015(1.58%) |
Mkt cap ! $131.1M | |||
| Open | High | Low | Value | Volume |
| 95.0¢ | 95.0¢ | 93.5¢ | $3.862K | 4.103K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 35488 | 93.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 94.5¢ | 2430 | 1 |
View Market Depth
| Last trade - 10.51am 31/07/2025 (20 minute delay) ? |
| ACE (ASX) Chart |