In my opinion the falling share price is related to 2 things. First, the falling price of REE since at least January 2024. But if that is the case then why is the SP falling even though the price of REE is rising at the moment? Secondly, because the corrupt communist Brazilian govt. is scaring investors away due to the way they've been treating Elon Musk's business interests - i.e. if they can do it to him they can do it to anyone, and what is the price that has to be paid to avoid this treatment?
Nothing wrong with MEI, but the environment they are operating in is starting to become concerning:
https://www.thegatewaypundit.com/2024/09/hedge-fund-billionaire-bill-ackman-criticizes-brazils-blocking/
General discussion (MEI), page-5541
Add MEI (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
10.5¢ |
Change
-0.010(8.70%) |
Mkt cap ! $241.3M | |||
| Open | High | Low | Value | Volume |
| 11.0¢ | 11.5¢ | 10.3¢ | $668.3K | 6.290M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 28 | 951558 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 211939 | 1 |
View Market Depth
| Last trade - 16.10pm 14/11/2024 (20 minute delay) ? |
| MEI (ASX) Chart |