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5.56%

3.8¢ melbana energy limited

Cuba Block 9: Operations Update 31 May 2024, page-486

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thecone

7,324 Posts.

870

07/06/24

16:07

Post #: 74219670
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Originally posted by Brightoil ↑

I for one hope both make money both stocks.
Hard enough to stay awake worying about losses even on ones with hugh oil potential. No one needs that.

The rise is good but not convincing prob just catch up Though i did see a 1.09m share buy. May holders are not out of the woods as we dropped so low on such good news in pasts. Thats why i think the real money is later when we produce and sell the oil. By no measures are longies out of the woods with MAY. Those green days on pip rises are rare and to be savoured as they come. I fear my greed will get to me again to sell 25% at 15c.

verdict is not out. Could be T+2 buy now to await news over long weekend and dump Tuesday. Leys get past 12c first to see if theres an institution on board. If it passes 12c then watch out 30c.

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So used to seeing red here recently, the sight of green makes you forget that Imo we're still massively undervalued,... and....., have we all been subjected to a mass brainwashing to make 7 c now appear good?? So we sell out too soon?
Tc

MAY Price at posting: 7.3¢ Sentiment: Buy Disclosure: Held
13 Upvote

1 Great analysis

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(20min delay)
Last 3.8¢		Change 0.002(5.56%)		Mkt cap ! $128.0M

Open	High	Low	Value	Volume
3.6¢	3.8¢	3.5¢	$229.8K	6.529M

Buyers (Bids)

No.	Vol.	Price($)
3	289110	3.5¢

Sellers (Offers)

Price($)	Vol.	No.
3.8¢	380674	3

View Market Depth

No.	Vol.	Price($)
3	289110	0.035
11	873487	0.034
6	1467200	0.033
3	706250	0.032
7	899800	0.031

Price($)	Vol.	No.
0.038	380674	3
0.039	691438	5
0.040	954244	6
0.041	417175	3
0.042	500000	1

Last trade - 16.10pm 03/10/2024 (20 minute delay)

MAY (ASX) Chart