MAY 4.35% 2.2¢ melbana energy limited

ASX:MAY Bearish Analysis, page-4

  1. 990 Posts.
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    A lot of fluff/musings as to the intention of directors and even less valuable posting of HC posters thoughts.
    What stood out to me from that part was that he received a lot more stock in performance rights than what he cashed in. Enjoy life now because he has more than enough stock to live well off later.

    Re Marti. It might not end up being the biggest of the 3 targets as predicted but that's probably because we've already discovered a lot more than expected. This isn't a reason to believe the price should go lower - just something to consider when putting a cap on higher estimates.

    Zapato....
    First up - most people will now be overemphasizing the importance of it. Back before the first discovery, Zapato made up a larger share of the projected OIP. It is now maybe an extra 30% (unless it delivers beyond expectations)

    Re: your Gravity/Magnetic theories. This is all guesswork for us untrained masses on HC. You could be right - or the high markers for Zapato could be due to the nature of the hard rock cap that they have to get through first and have zero relevance to what lies beneath...

    GLTAH
    Last edited by Mercury_Rising: 28/07/22
 
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Last
2.2¢
Change
-0.001(4.35%)
Mkt cap ! $74.14M
Open High Low Value Volume
2.4¢ 2.4¢ 2.1¢ $444.7K 19.98M

Buyers (Bids)

No. Vol. Price($)
3 2048367 2.2¢
 

Sellers (Offers)

Price($) Vol. No.
2.3¢ 1402823 5
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Last trade - 16.10pm 12/07/2024 (20 minute delay) ?
MAY (ASX) Chart
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