Just for comparisons
ESG
Price 0.64 (currently .585)
Shares 761.75 Mill
Market Cap 488 Mill
Cash 35.56 Mill
Debt 0.00
2p 218
3p 845
MEL
Price 0.51 (currently .445)
Shares 132.28 Mill
Market Cap 67 Mill
Cash 3.62 Mill
Debt 0.00
2p 264
3p 1419
Yes, Mel's cash position is not as healthy as ESG. With 3 mill in the bank to play with MEL will need to raise capital in the nearer term than ESG. Simular 2p reserves and considerably more 3p reserves one would think MEL is significantly undervalued and definantly worth considering????
Thoughts?
Just for comparisons ESG Price 0.64 (currently .585)Shares...
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Last
0.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $6.244M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1971941 | 0.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.6¢ | 7823136 | 13 |
View Market Depth
| Last trade - 16.12pm 21/06/2024 (20 minute delay) ? |
| MEL (ASX) Chart |
Day chart unavailable