When will ERM make their bid for MEL????? They'll need MEL if they want to list a separate gas business (next year?)
They already have at least 10% of the company and they bought their shares late last year at around $0.40 - 0.50. Gas wanna be buyers (LNG & ERM) value MEL shares at $0.40 - $0.50 per share. So put that in your valuation models.
Have they been pushing the MEL price down prior to an offer? - wouldnt be the first time a predator traded a companys share price down before making a bid.
They would probably offer stock + cash. So MEL shareholders - what price will you sell MEL stock to ERM for (xERM shares + $$??)
GO MEL!!!!
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Mkt cap ! $7.237M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
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20 | 13664897 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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0.5¢ | 3626406 | 5 |
View Market Depth
No. | Vol. | Price($) |
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20 | 13664897 | 0.004 |
8 | 15262019 | 0.003 |
4 | 16775000 | 0.002 |
4 | 47300000 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
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0.005 | 3626406 | 5 |
0.006 | 4039880 | 6 |
0.007 | 2663797 | 4 |
0.009 | 615051 | 2 |
0.010 | 1000000 | 1 |
Last trade - 16.12pm 26/07/2024 (20 minute delay) ? |
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