MEL 0.00% 0.4¢ metgasco ltd

positive article, page-21

  1. 347 Posts.
    Guys I think you're drawing a pretty long bow to compare MEL with BAU, et al.

    Obviously a negative decision from the EPA re: Lion's Way pipeline would be a pretty hefty setback for Metgasco but it wouldn't cripple it completely.... whereas a positive decision which opens up new markets for MEL's substantial gas would be very significant. There are other potential markets for Metgasco to explore and exploit.

    I also think you are pre-empting a negative EPA decision that may never happen. Sure - it's right to be aware of the risks that these processes present to a company you're invested in- but I personally feel like the uncertainty over the market for Metgasco gas is already well and truly priced into the market cap - that's why we've still hardly moved since making the "Major Gas Discovery" at Kingfisher and another reason our reserves are valued at a massive discount to every other set of CSG reserves in the industry.
 
watchlist Created with Sketch. Add MEL (ASX) to my watchlist
(20min delay)
Last
0.4¢
Change
0.000(0.00%)
Mkt cap ! $5.790M
Open High Low Value Volume
0.0¢ 0.0¢ 0.0¢ $0 0

Buyers (Bids)

No. Vol. Price($)
16 24551602 0.3¢
 

Sellers (Offers)

Price($) Vol. No.
0.4¢ 5769159 5
View Market Depth
Last trade - 10.52am 15/08/2024 (20 minute delay) ?
MEL (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.