So now the vale per 2P and 3P differential between ESG and MEL blows out even further, it really is a tale of two cities!!
Though I have not yet lost heart as I have experienced the same misfortune of MEL before with MTN during the Uranium boom
MTN seemed like an undervalued anomaly when compared to its peers in the Uranium sector, but the funny thing was as its peers got more and more expensive on an EV/lb basis MTN stayed dead flat around the 40c-50c, then one day a vulture fund called Crosby Capital made a takeover offer, first at 80c then $1.20 in the end the share price went as high as $6.50 I think from memory netting the faithful a 10 bagger!
So I will continue to hold and wait and even add to my position from time to time because I know for sure that one day this anomaly must be rectified
Crosby Capital where art thou?
MEL Price at posting:
42.5¢ Sentiment: LT Buy Disclosure: Held
