I said this earlier. The entire concern with MEL is that somebody decent sees the value at some stage and takes it out. I have seen it a million times. Pour money into a stock, has good prospects but cannot get traction. Trends down and then gets taken out. You never see you coin again bar the cheap takeover price.
We need to send the MEL cheer squad down into Casino and Lismore as PR, we might get some reality back into the facts of MEL (regardless of the woeful performance and CR at super cheap levels...not see cheap now though). Then we could get going.
Until then MEL has serious headwinds
dilution, page-32
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Last
0.4¢ |
Change
0.001(14.3%) |
Mkt cap ! $5.790M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.4¢ | 0.4¢ | $754 | 188.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 12765502 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 14531096 | 12 |
View Market Depth
| Last trade - 12.37pm 30/08/2024 (20 minute delay) ? |
| MEL (ASX) Chart |