Impatience here may cost people jackfire.
I have friends who I put on to this stock who are selling out as we speak despite my warning of the value they might see in due course... mostly they have made 30-40% and are happy to leave it at that unfortunately - but we each trade/invest for different reasons. As someone pointed out yesterday, the whole market has been buoyant so it is harder to have money tied up in a floating/drifting investment when some other stocks are firing. But when they look to buy back in it will surely be at a significant premium if MEL sign up a decent JV or can confirm that Kingfisher is the "major gas discovery" they first hailed it to be.
I must admit I check several times a day to look for the news icon beside MEL as I expect some of the next news out of the company to re-rate it! And I imagine that there must be an update coming shortly on Kingfisher testing... I expect that we will here something in the next 8 weeks at least!
Obviously you haven't heard anything from your cab driver of late - every time you post I secretly hope that you've heard from him but lately you're only ever voicing your frustrations - did you ever ring management and politely ask them to speed up the testing process or at least provide an update??
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Mkt cap ! $4.342M |
Open | High | Low | Value | Volume |
0.3¢ | 0.3¢ | 0.3¢ | $164 | 54.8K |
Buyers (Bids)
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---|---|---|
8 | 10390895 | 0.3¢ |
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Price($) | Vol. | No. |
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0.4¢ | 13034974 | 11 |
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No. | Vol. | Price($) |
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8 | 10390895 | 0.003 |
9 | 21120899 | 0.002 |
8 | 69736865 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.004 | 13034974 | 11 |
0.005 | 5954721 | 6 |
0.007 | 100002 | 1 |
0.009 | 80000 | 1 |
0.010 | 1000000 | 1 |
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