While I would like to consider any kind of takeover scenario of MEL just to fire it up a bit - I can't see MPO figuring in that discussion.
From memory, MPO only owns MEL shares that were given in consideration for MEL to take 100% ownership of CSG/conventional rights over a couple of the Clarence Moreton PEL's. I think MPO changed their strategy to focus outside of Aus (I think?) and has actually already sold down some of their MEL shares previously.
So a highly unlikely scenario IMO.
But I like your sentiment to Buy, Buy, Buy.... I just wish a few more people would share it - as I hold a lot of these already - most of which are now underwater at this price. But I'm still determined to exercise more patience with this type of play than in the past.. held AOE/QGC for a long time - sold out for modest profits on each before they even hit $1 because sentiment seemed to have turned against them and I couldn't see them going anywhere too quickly. Needless to say - once a few more reserves are proven, and some major company is certain of what they are getting - they can re-rate pretty quickly and finish as multi-billion dollar companies... a future I still hope for MEL (which is a big dream given they are only $90m MC at this stage...)
So, am following the current drilling with much interest...
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While I would like to consider any kind of takeover scenario of...
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Last
0.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $7.237M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
10 | 11708141 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.5¢ | 2094532 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
10 | 11708141 | 0.004 |
7 | 14261686 | 0.003 |
5 | 16775010 | 0.002 |
3 | 46300000 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.005 | 2094532 | 3 |
0.006 | 5827540 | 10 |
0.007 | 2663797 | 4 |
0.008 | 1035051 | 2 |
0.009 | 80000 | 1 |
Last trade - 16.12pm 11/07/2024 (20 minute delay) ? |
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