I honestly believe the best is over for Mel.Our hopes of $1 plus for our shares will never materialise.
Not even 60 cents will be seen again.
Existing Australian LNG projects are getting blown out of the water by rising costs.Not 1 single project has not overrun their budget or estimate.
Gas in the ground, especially coal seam gas is turning out very expensive to get to market.
No longer will we see the multiples that Arrow, or even Esg received for their resource, especially for a stranded resource such as mel has.
I, of course, hope I am wrong, but, I fear the writing is on the wall.
why mel will never see 50c again
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0.5¢ |
Change
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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 |
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