I think proving up 1P and doubling up 2P resources would be the short-term objective. That's probably why they are focusing on testing KF at the moment.
Finding development JV partners or selling assets would be their medium to long term view. MEL is way undervalue based on reserves in comparison to peers like Eastern Star, Molopo and Bow.
takeover invitation, page-3
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Last
0.3¢ |
Change
-0.001(25.0%) |
Mkt cap ! $5.790M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.4¢ | 0.3¢ | $2.91K | 761.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 21129663 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 11390670 | 11 |
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| Last trade - 14.21pm 27/09/2024 (20 minute delay) ? |
| MEL (ASX) Chart |