MAY 8.51% 5.1¢ melbana energy limited

Don't Sell Your Shares Cheap

  1. 76 Posts.
    lightbulb Created with Sketch. 8
    Yeah for sure, just give it some time. No stock continues upwards only, there is always hiccups
  2. 2,144 Posts.
    lightbulb Created with Sketch. 970
    Every stock that is on the way up has corrections along the way as it consolidates its gains, these correction have happened numerous time since MAY started its bull run from 2.2c to the recent high of 21.5c and will continue to do so as MAY'S value continues to rise. Over the next few weeks we will be getting logging test results and flow test results which will should be exceptional with what we have seen so far, all the expert posters indicate that should be the case. IMO it appears that the Alameda well should have a combined 350-500 million barrels of Prospective Resource from all 3 oil structures, MAY's share will be 30% of that 105-150 million barrels. Its also likely that MAY in several weeks will be an oil producer maybe even sooner with the Alameda well producing at least 10,000 bopd, flow test will confirm this. In six months down the track MAY could have 5-10 producing wells at 50,000bopd. At these current levels they are ridiculously cheap and months later we will be saying we should have bought more.
 
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Last
5.1¢
Change
0.004(8.51%)
Mkt cap ! $171.8M
Open High Low Value Volume
5.0¢ 5.3¢ 4.8¢ $476.9K 9.406M

Buyers (Bids)

No. Vol. Price($)
2 35631 5.1¢
 

Sellers (Offers)

Price($) Vol. No.
5.2¢ 13139 1
View Market Depth
Last trade - 15.21pm 22/05/2024 (20 minute delay) ?
Last
5.1¢
  Change
0.004 ( 9.44 %)
Open High Low Volume
5.0¢ 5.3¢ 4.8¢ 2585738
Last updated 15.21pm 22/05/2024 ?
MAY (ASX) Chart
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