It is pretty clear that MEL is undervalued compared to other CSG companies, not by a few percentage points, but by a wide margin, even if you take into account that valuations have now come down somewhat compared to 2 years ago. This has been repeated multiple times by various people on HC. The question is, why? The only two reasons I have heard are that MEL is in NSW and MEL's flow rates are not as good as some of the others'. But that just doesn't seem a good enough explanation for such a wide value gap, even without the conventional gas. So is there something else known to potential investors but not to the posters here? Or is it just a case of the market getting it wrong, pure and simple?
pure metgasco, page-2
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Last
0.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $7.287M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.6¢ | 0.5¢ | $13.29K | 2.640M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 200000 | 0.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.6¢ | 8333650 | 7 |
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| Last trade - 14.37pm 01/11/2024 (20 minute delay) ? |
| MEL (ASX) Chart |