MAY

0.00%

4.5¢ melbana energy limited

It wasn't the disagreeing I minded - it was the contemptuous...

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Buncher60

890 Posts.

134

13/05/22

09:21

Post #: 61383603

Originally posted by Hendotj: ↑
So because someone disagrees with you they must be a troll.....

Lets just take a quick look at the actual figures for the past two weeks shall we??

Date WTI Crude MAY Share
1
Price Change Price Change
2

3 5/12/2022 5.10% -6.25%
4 5/11/2022 2.94% -4%
5 5/10/2022 -2.90% 0%
6 5/09/2022 -7.12% 0%
7 5/06/2022 0.97% -4.76%
8 5/05/2022 0.63% 25%
9 5/04/2022 4.00% 1.20%
10 5/03/2022 -2.61% 0%
11 5/02/2022 1.11% -6.74%
12 04/29/2022 -0.46% 1.14%
13 04/28/2022 3.08% -20%

There is absolutely NO correlation between the increase or decrease in the price of WTI and the movement of the MAY SP, in fact on more than 50% of the days in the past fortnight. the MAY share price has done the exact opposite of the WTI.

While I stand by my statement that "Movements in the oil price have absolutely ZERO effect on the current SP of MAY.", I admit that statistically MAY is more likely to do the exact of any movement in the WTI.

I can see absolutely no indication that an increase in the WTI price will equate to an increase in MAY's SP as originally pumped and then doubled down upon by Tradingstocks.
Expand
It wasn't the disagreeing I minded - it was the contemptuous comments and juvenile 'LOL'.

You don't seem to get the point I was making.

You said the share price did not reflect any production value.

I'm saying the share price does reflect an allowance for future production, otherwise there's no point to the price.

It would then be a price for drilling holes or a price for having drill rigs on the ground. It that case why is the price not 1c or $1 or $10 ?

MAY Price at posting: 9.0¢ Sentiment: Buy Disclosure: Held

2 Upvote

0 Great analysis

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(20min delay)
Last 4.5¢		Change 0.000(0.00%)		Mkt cap ! $151.6M

Open	High	Low	Value	Volume
4.6¢	4.7¢	4.4¢	$494.2K	10.86M

Buyers (Bids)

No.	Vol.	Price($)
2	714056	4.5¢

Sellers (Offers)

Price($)	Vol.	No.
4.7¢	462413	7

View Market Depth

No.	Vol.	Price($)
2	714056	0.045
5	822725	0.044
3	397333	0.043
4	214305	0.042
8	362320	0.041

Price($)	Vol.	No.
0.047	442413	6
0.048	748255	2
0.049	3011075	5
0.050	1841898	5
0.052	461161	2

Last trade - 16.10pm 19/06/2024 (20 minute delay)

MAY (ASX) Chart

It wasn't the disagreeing I minded - it was the contemptuous...

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	Date	WTI Crude	MAY Share
1		Price Change	Price Change
2
3	5/12/2022	5.10%	-6.25%
4	5/11/2022	2.94%	-4%
5	5/10/2022	-2.90%	0%
6	5/09/2022	-7.12%	0%
7	5/06/2022	0.97%	-4.76%
8	5/05/2022	0.63%	25%
9	5/04/2022	4.00%	1.20%
10	5/03/2022	-2.61%	0%
11	5/02/2022	1.11%	-6.74%
12	04/29/2022	-0.46%	1.14%
13	04/28/2022	3.08%	-20%

It wasn't the disagreeing I minded - it was the contemptuous...

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From the Floor question: "What is the focus of AL8 and how is management going to attract shareholders to the registry?" | Alderan Resources

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