what makes you say Mei is fully valued. At 350 mil what if it gets taken out for around 1 billion plus. It’s still 2 bags from here. Mei will be the market leader in this space as ionic clay will be the cheapest to compete with Chinese clays. If Mei is struggling to be profitable at the current market then majority of non Chinese ree players will be out of the equation.
General discussion (MEI), page-4298
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Last
10.0¢ |
Change
-0.005(4.76%) |
Mkt cap ! $229.5M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 10.5¢ | 9.3¢ | $1.345M | 13.69M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3765 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 515650 | 4 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| MEI (ASX) Chart |