No I don't think so. The rising tide would lift all boats.
I think at current REE prices a t/o price for MEI somewhere around 75c would probably be the best we could hope for. That is approx 40% lower than the numbers being thrown around 6 months ago.
A significant JORC upgrade in Q2 or Q3 could potentially raise that price.
It is highly likely any bid would come from the US, given the relationships the company and management have built + the targeted roadshows and of course the site visitors we have had.
IMO it is only a matter of when, not if these bids come.
General discussion (MEI), page-4412
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Last
11.0¢ |
Change
0.005(4.76%) |
Mkt cap ! $218.9M | |||
| Open | High | Low | Value | Volume |
| 10.0¢ | 11.0¢ | 10.0¢ | $379.9K | 3.675M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 37 | 1465059 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 2152098 | 16 |
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| MEI (ASX) Chart |