I have been in MEL since '06. I can remember buying them around 28c and seeing them whizz up to 32 then 34 then 38 I think they got to before a breather and that happened all in about 10 days.
Yes I am keen to see awesome upside reagrdless of the constant greenie calls, however of late the green issue is here to stay, the Northern NSW may have been worked out, but the scenic rim has not even started.
MEL will likely burn though a lot more cash just like the Northern NSW green issue before they get going. Burning cash requires more CR. Every CR as been at a lower price than the previous without fail. When the scenic rim becomes the next big issue that most people here like to pretend will go away, or do not even know about they will need another CR to stay in the game.
This is why I will be trading it and handing in no more coin. I think we will still see sub 20c before the possible SPP ramp.
I have been in MEL since '06. I can remember buying them around...
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Last
0.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $6.987M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 103000 | 0.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.6¢ | 5019540 | 12 |
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| Last trade - 16.12pm 05/07/2024 (20 minute delay) ? |
| MEL (ASX) Chart |
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