MAY
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15.6% 5.6¢ melbana energy limited

Ann: Successful $15m Placement to drive Block 9 Forward, page-210

  1. stormer
    17,638 Posts.
    lightbulb Created with Sketch. 1640
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    16/03/22
    18:53
    Post #: 60233862
    ''still find it hilarious that 88E is double our MC, not for long''

    With these companies with billions of shares in issue, it ceases to become about fundamentals and market cap and becomes all about liquidity

    High liquidity attracts traders....they couldn't give a toss about what the company does or what it's valued at...they are just betting on being on the right side of a trade
    MAY Price at posting: 14.5¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 5  Upvote
    lightbulb Created with Sketch.  Great analysis
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