Pretty hard for day traders to really talk this one up though? Minimal shares on issue..Not a stock to really get a lot of hotcopper investors excited?
Facts are facts though..they have only certified one of three CBM licenses and the other two are a lot larger. A large 2P and 3P reserve base established. Going by peer comparisons she is a buy.
They now have a good sum of cash at bank. Conventional Gas discovery at the Kingfisher field to add excitement. It looks the goods to me...a lot of other CBM stocks are moving up to past highs yet MEL has lagged behind due to the rights issue/capital raising that had to happen. Time to sit back and let her run now. Good luck guys :)
mel is totally undervalued and misunderstood, page-10
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Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $4.342M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 12645040 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 13259974 | 12 |
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| Last trade - 16.12pm 12/09/2024 (20 minute delay) ? |
| MEL (ASX) Chart |
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