MEI has been a traders stock for years. This is no different until this new project is completely proven. Majority of volume coming from traders, not long term holders, and there's a reason for that. Still think it will reach 8-10c this year, following the last 3 trajectories on an acquisition being a catalyst. Traders are just taking their huge profits, but I believe they will load up again to dump it at another 100% from here. Only way share price will go above and stay above the highs is if they finally deliver on a project they've purchased, otherwise long term investors will be left holding the bag for a fourth time. Also director remuneration needs to be massively cut down - it's not a good look for a company with nothing to show to date. But I don't see that happening. GLTA!
IMO, DYOR.
General discussion (MEI), page-119
-
- There are more pages in this discussion • 4,998 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 MEI (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
18.0¢ |
Change
0.010(5.88%) |
Mkt cap ! $358.2M | |||
| Open | High | Low | Value | Volume |
| 17.0¢ | 19.0¢ | 16.8¢ | $917.7K | 5.145M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 350242 | 17.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.0¢ | 554950 | 2 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| MEI (ASX) Chart |