Another buy back notice today showing that MEL were responsible for 1.7m of roughly 1.8m shares bought yesterday and it has me asking, when the company has repeatedly stated they see the value of the company closer to 0.07 and they have a clear desire to not waste time buying up stock, why sell to them at 0.06?
There's quite a bit of stock sitting at 0.06/0.061, I have no doubt (personal) that if that stock got out of the way the company would keep buying up to the high 0.06's.
All seems pretty silly to me.
Why sell?
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Last
0.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $7.237M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 20 | 13664897 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 3626406 | 5 |
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| Last trade - 16.12pm 26/07/2024 (20 minute delay) ? |
| MEL (ASX) Chart |
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