MAY

4.35%

2.2¢ melbana energy limited

Last Chance, page-104

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Kiwi Crusader

157 Posts.

70

10/06/24

17:50

Post #: 74246630
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Originally posted by Brightoil: ↑

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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I might give Claude.ai a go at interpreting this...

MAY Price at posting: 7.3¢ Sentiment: Buy Disclosure: Held
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(20min delay)
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

View Market Depth

No.	Vol.	Price($)
2	650000	0.022
21	2312018	0.021
29	4624745	0.020
11	1388627	0.019
3	535055	0.018

Price($)	Vol.	No.
0.023	1311657	4
0.024	3142174	9
0.025	3859683	6
0.026	326965	4
0.027	2632940	7

Last trade - 16.10pm 12/07/2024 (20 minute delay)

MAY (ASX) Chart

Last Chance, page-104

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Last Chance, page-104

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