If anyone is selling to get their allocation in SPP they are making a big mistake as they will be left holding nothing - rather if you have extra capital and believe in MEI, use SPP to get a bit more at a discount. And I doubt anyone one who knows enough about MEI and believes in the story would turn around and sell for 20% profit.
I reckon if anything we base here and build support / holders can accumulate ahead of results. So we are waiting for news to make next leg up, but doubtful SPP will have any material impact. There was plenty of buyers happy to nab those shares on Friday at 7.5c. Whatever supply comes from SPP market forces will be outstripped by demand at around these levels due to low EV vs overall Oppt
Share Purchase Plan Offer, page-9
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Last
11.0¢ |
Change
-0.005(4.35%) |
Mkt cap ! $252.8M | |||
| Open | High | Low | Value | Volume |
| 11.0¢ | 11.0¢ | 10.0¢ | $500.4K | 4.712M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 577565 | 10.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 574230 | 4 |
View Market Depth
| Last trade - 16.10pm 12/11/2024 (20 minute delay) ? |
| MEI (ASX) Chart |