MEL metgasco ltd
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I can't see too many signs of the proposed share buyback...? In...

  1. Blackpete
    521 Posts.
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    07/01/16
    10:48
    Post #: 16746353
    I can't see too many signs of the proposed share buyback...?

    In my opinion it would be a very good time for management to buy.

    Buying quite a few million at 5.4 cents would represent a near 25% discount on the 7.1 cent cash backing, give an opportunity for those old disaffected shareholders who wish to exit as well as strengthening the company overall.
    Last edited by Blackpete: 07/01/16
    MEL Price at posting: 5.4¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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0.2¢ 		Change
-0.001(20.0%) 		Mkt cap ! $3.674M
Open High Low Value Volume
0.2¢ 0.2¢ 0.2¢ $20 10K

Buyers (Bids)

No. Vol. Price($)
7 6370498 0.2¢
 

Sellers (Offers)

Price($) Vol. No.
0.3¢ 10843632 8
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Last trade - 15.14pm 31/07/2025 (20 minute delay) ?
MEL (ASX) Chart
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