No worries. I expect MEI will run from here throughout December ahead of the lab results from their cobalt tenements, due within a couple of weeks
Then we will test all time highs once a BMR shareholder update or prospectus is released late Dec or in Jan.
At $40m enterprise value, on an 'as-is' basis we have at least 100% appreciation to catch up with peers, and more on positive results.
Bear in mind even institutions were cut back in the placement, thus will be buying on the market which bodes well for my theory above. My sense is the nonsensical SPP selling is over as over Friday.
Cheers,
No worries. I expect MEI will run from here throughout December...
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Last
9.3¢ |
Change
-0.003(3.13%) |
Mkt cap ! $222.2M | |||
| Open | High | Low | Value | Volume |
| 9.9¢ | 9.9¢ | 9.2¢ | $171.2K | 1.827M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 146234 | 9.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 9.8¢ | 297279 | 1 |
View Market Depth
| Last trade - 16.10pm 03/12/2024 (20 minute delay) ? |
| MEI (ASX) Chart |
