Despite the extreme risk in markets across the World at the moment, MEI has been quite resilient in hanging in that 20c - 26c range since May while other stocks particularly REE have been heading down e.g. ARU, LIN, AR3, PEK even big boy LYN. That's interesting.
When there's extreme risk and bond yields are rising small/mid caps should get dumped first if investors are exiting the market. We haven't seen that dump happen in MEI, that has to be a positive sign I think.
Regarding the shorts, that's also interesting. I don't think you short unless you're fairly confident the SP is heading down for whatever reason. Could those 50M oppies exercisable in Dec be a factor? Is there are credit raise coming? You'd think they'd sell the gold asset if they needed funding particularly as gold price heading over $2K. Shorting is way riskier than going long so I'd want some insider intel if I was going to do it myself.
- Forums
- ASX - By Stock
- MEI
- General discussion (MEI)
General discussion (MEI), page-3467
-
- There are more pages in this discussion • 2,046 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 MEI (ASX) to my watchlist
|
|||||
Last
8.4¢ |
Change
-0.006(6.67%) |
Mkt cap ! $199.3M |
Open | High | Low | Value | Volume |
9.0¢ | 9.0¢ | 8.4¢ | $272.5K | 3.113M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 70494 | 8.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
8.5¢ | 66299 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 78744 | 0.084 |
4 | 91895 | 0.083 |
7 | 231560 | 0.082 |
4 | 218246 | 0.081 |
6 | 172166 | 0.080 |
Price($) | Vol. | No. |
---|---|---|
0.085 | 115136 | 9 |
0.086 | 69025 | 4 |
0.087 | 66282 | 4 |
0.088 | 30297 | 3 |
0.089 | 58988 | 2 |
Last trade - 12.48pm 06/09/2024 (20 minute delay) ? |
Featured News
MEI (ASX) Chart |