MAY 4.00% 2.6¢ melbana energy limited

Last Chance, page-101

  1. 5,039 Posts.
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    I caution about too much expectation. Some llike sharetraders want bang and get the heck out of here. I like it slow and steady with nice build up for a long lasting ending.

    i say just chill as ASX closed today take a swim and enjoy the day to tame your expectation.

    i hope for a long continuous run to 20c minimum. Lets face it if logs confirm the earlier drill an the flows are great on Alameda and Marti you really got to q
    uestion if you really want to sell off so early. I wouuld wait three of these give things first 1) core samples 2) flow rates 3) 1st 5000 barrel oil production 4) McDaniels reports and 5) evidence of institutions .

    Remember MAY is priced not to succeed and not been able to moneterise the oil but if we load a tanker that will dispell.

    i write this for long termers who may be swayed to sell if this pops up like 2 to 3 cents and sells when once above is confirmed it could go from 10 to 30c.

    I write because people like sharetraders wants to pump and exit and to high light thats is the way of day traders not long term investors. I said ill sell at 25 to 30c and that is my strategy for my 75%. Though i may exit 25% at 18c as trading parcel. Once we produce well f
    Get to offset 250million spent of past cost and losses, pay low tax for 15 years and get divies for rest of oils life. Block 9 could be 60 year producer.
    So look at the flow results not as an end but the beginning. AP has always stated be patient. Once producing a lot of companies will buy us out


 
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Last
2.6¢
Change
0.001(4.00%)
Mkt cap ! $87.62M
Open High Low Value Volume
2.6¢ 2.8¢ 2.6¢ $205.6K 7.719M

Buyers (Bids)

No. Vol. Price($)
2 629807 2.6¢
 

Sellers (Offers)

Price($) Vol. No.
2.7¢ 2184333 10
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Last trade - 15.35pm 16/07/2024 (20 minute delay) ?
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