"Who will benefit most if MEL is trading around 20c ?"
No-one will benefit except thos who are receiving the cash. That is what several posters including myself have been trying to say for the last 2 weeks!
This is starting to damage the MEL brand considerably now, even those who were behind management last week are starting to ask questions.
The biggest risk(small I know) is that another company does see potential and makes a takeover. From these levels it would be probably 27c. Then game over...
The longer the term becomes with MEL the worst your cost becomes from my experience. At least the downside risk is only 21c lol!
intos to buy up today, page-18
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Last
0.4¢ |
Change
0.001(14.3%) |
Mkt cap ! $5.790M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.4¢ | 0.4¢ | $754 | 188.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 12765502 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 14531096 | 12 |
View Market Depth
| Last trade - 12.37pm 30/08/2024 (20 minute delay) ? |
| MEL (ASX) Chart |