I agree, MEL is currently grossly undervalued with regard to reserves.
From your data, look at the reserves per 1 millon shares on issue
2P ESG approx' 0.29PJ MEL approx' 2.0PJ
3P ESG approx' 1.11PJ MEL approx' 10.7PJ
ie, from a takeover perspective, easily the preferred target over ESG
summary, page-5
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Last
0.4¢ |
Change
-0.001(20.0%) |
Mkt cap ! $5.790M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.4¢ | 0.4¢ | $10.11K | 2.527M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 11541399 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 4483831 | 5 |
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| Last trade - 12.40pm 12/07/2024 (20 minute delay) ? |
| MEL (ASX) Chart |