Australia's largest stock trading and investment forum Australia's #1 stock forum

MAY

Click for more information

0.00%

3.6¢ melbana energy limited

Ann: Block 9 - Early Production and Spud of Alameda-3, page-190

First 190 Last

Share
Profile

Follow
Brightoil

5,066 Posts.

788

21/09/23

19:34

Post #: 69965506
Share

Originally posted by Bertie07: ↑

The second part of the Rene Rivkin attributed adage “buy the rumour, sell the news” sums up where we are with May. Clearly nothing the company announces is going to cut it with the market until we have proven certified reserves and money flowing into the coffers from a contracted buyer.
A3 is de-risked to an extent so we are clearly not a typical explorer play anymore in the market’s opinion. At least in relation to block 9. If we are being assessed as a producer then, it is early days, and the market as always, is correct.
‘I always look at why I put money into this company in the first place. To take a gamble certainly, but keeping the faith if it is prosecuting its thesis. Sure I could have done better if I had gotten in and out 3 or 4 times if I timed it perfectly, but I can’t be bothered with the effort and the paperwork. I am very comfortable with my holding and would buy if I had more funds.

Expand

If you go in and out too many times you might make too many loses unless you like Slick or Whunter who get saved by the charts andctime it perfect. Digusted after rereading the announcement i cant see where the bad news comes from. Im pissed off

Last edited by Brightoil: 21/09/23

MAY Price at posting: 6.8¢ Sentiment: Hold Disclosure: Held
3 Upvote

1 Great analysis

Reply

Top Stories

COB

Cobalt Blue sees A$60M price tag for Kwinana, WA refinery – but $68M value for stage one

RCE

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

OJC

SPC to merge with Original Juice Co and Nature One Dairy

There are more pages in this discussion • 536 more messages in this thread...

First 190 Last

Add MAY (ASX) to my watchlist

(20min delay)
Last 3.6¢		Change 0.000(0.00%)		Mkt cap ! $121.3M

Open	High	Low	Value	Volume
3.6¢	3.7¢	3.5¢	$225.2K	6.220M

Buyers (Bids)

No.	Vol.	Price($)
1	461171	3.6¢

Sellers (Offers)

Price($)	Vol.	No.
3.7¢	520000	2

View Market Depth

No.	Vol.	Price($)
1	461171	0.036
6	2809983	0.035
6	1418667	0.034
5	287200	0.033
2	550000	0.032

Price($)	Vol.	No.
0.037	520000	2
0.038	704311	3
0.039	1155580	6
0.040	938244	5
0.041	417175	3

Last trade - 16.10pm 02/10/2024 (20 minute delay)

MAY (ASX) Chart