Floated late last year at 25c currently trading around 8c! Quaterly reveals cash in bank over $14M. Pro-forma balance sheet in prospectus shows liabilities of just $400k. Based on 120m shares thats about 12c cash per share.
Now let me get this straight. I fork out $1 (at 8c) for MEU shares and get back a piece of their bank account worth almost $1.40. Thats around $1.40 CASH for every dollar I punt.
Drilling starts late first quarter which is a mere 6 weeks or so away.
I'm in!
its a bargian
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add MEU (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
4.7¢ |
Change
0.001(2.17%) |
Mkt cap ! $49.76M | |||
| Open | High | Low | Value | Volume |
| 4.6¢ | 4.7¢ | 4.6¢ | $12.68K | 275.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1019788 | 4.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.7¢ | 543076 | 3 |
View Market Depth
| Last trade - 16.10pm 27/06/2024 (20 minute delay) ? |
| MEU (ASX) Chart |