Timing into and out of SPPs is obviously a dangerous game to be playing, for the long term investor its not worth the risk given one cant predict news flow or developments.
Happened to a lot of us in the MEL raising done at 45c when the SP spiked to 90c with Kingfisher news, selling at 60c to buy back in the SPP was a bad bad move.
Agree ShareInspector that for the new investor you can buy MEL now with NSW Government approval for production and exploration at the same price as when it seemed the NSW Government might cave in to the Green propoganda.
So despite current holders not being very happy with the timing of the SPP given our long and patient wait could be an excellent opportunity for new investors.
Timing into and out of SPPs is obviously a dangerous game to be...
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add MEL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $7.287M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 1777310 | 0.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.6¢ | 7848781 | 6 |
View Market Depth
| Last trade - 15.03pm 21/10/2024 (20 minute delay) ? |
| MEL (ASX) Chart |
Day chart unavailable