""(AGM next Wednesday, so hopefully some news at some point soon.)""
Stumpytrunks, I have given up going to AGM's many years ago because I found them that Management only dish out a lot of BS and what investor wants to ear. Soon after they are always going back to what they were doing before the AGM knowing that their life on the boardroom seat is safe for at least another 12 month.
As for the meeting coming up, I hope that the remuneration resolution gets knocked on the head well and truly thus forcing this lot to having to call for a spill of the Board. It may wake them up, or tell them that they will have to start doing something positive for teh shareholders and not just sitting on their hands and/or sipping coffee (one would hope that it is only coffee that they are drinking), while collecting their emoluments.
You can't say that this lot has done much about the shareholders over the last few years, can you.?
It took them a couple of years (While collecting money), just to come with the idea that they could invest in another company, while the mining and O&G companies were screaming for someone with funds to help them out developing. One could be forgiven to think that, if you are to invest or merge with someone, the time was ripe when these company were down on their knees begging, not afterwards when things are looking brighter.
As for the share price, see below for the movement/fall in our share price over the last couple of days. Could it have been because the AGM was coming up and that they needed all the support they could get to overcome the remuneration resolution and remain on the Board.??
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Last
0.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $4.342M |
Open | High | Low | Value | Volume |
0.5¢ | 0.5¢ | 0.5¢ | $136 | 27.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 13004389 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.5¢ | 777334 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 10000 | 0.047 |
1 | 131932 | 0.046 |
2 | 110000 | 0.045 |
1 | 100000 | 0.042 |
1 | 50000 | 0.041 |
Price($) | Vol. | No. |
---|---|---|
0.052 | 25657 | 1 |
0.054 | 54653 | 1 |
0.055 | 194892 | 1 |
0.058 | 40000 | 1 |
0.060 | 500000 | 1 |
Last trade - 15.32pm 15/11/2024 (20 minute delay) ? |
MEL (ASX) Chart |