MEL has been undervalued for some time when compared with its peers.
I think the management team have been playing a conservative game for quite some time - like playing a game of chess.
If you go back through the MEL ASX announcements over the past few years you will find the hints in the presentation packs. They don't put all the hints in one pack though.
They have only explored 5-10% of their acreage.
I think they have a good idea of what treasures lie beneath.
They have been constrained by size, funds and the GFC.
They don't want to excite the market too soon as they will attract takeover attention too early.
Slowly slowly wins the race - work on lots of aspects without progressing one too far, to quickly - creep it out there.
And one day, when they are ready, and the share price has crept up slowly to seize better value, out will flow the many gems this company has in its back pocket.
Patience will be rewarded
- Forums
- ASX - By Stock
- conservative
MEL has been undervalued for some time when compared with its...
-
- There are more pages in this discussion • 11 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MEL (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $5.830M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 2105211 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.5¢ | 3778476 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 2105211 | 0.004 |
13 | 25157992 | 0.003 |
10 | 22370899 | 0.002 |
9 | 64603690 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.005 | 3401986 | 6 |
0.006 | 1458000 | 2 |
0.007 | 100002 | 1 |
0.009 | 80000 | 1 |
0.010 | 1000000 | 1 |
Last trade - 16.12pm 04/10/2024 (20 minute delay) ? |
Featured News
NEWS
Antler Copper Project hits major permitting milestone – air quality permit advances to final review
LU7
Discover the strong preliminary feasibility of the Bécancour Lithium Refinery, showcasing resilience in a low pricing environment and a strategic plan to capitalize on future price recoveries
MEL (ASX) Chart |
Day chart unavailable