MAY melbana energy limited

Ann: Block 9 Amistad Field Development Approved, page-92

  1. 8,421 Posts.
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    I think we would need total volume above 100mm to take and hold 3.8. General rule of thumb is 6x screen-offered volume to get through and hold an area (and as there are about 8 million shares on screen between here and 3.8, that's about 24 million to churn through. Do-able I guess.

    (NB: that 6x number back-tests well. We have covered 1.3 cents for 78 million, and the screen offer between 1.9 and 3.2 was about 13 million).

    Kit.
 
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Last
2.3¢
Change
0.002(9.52%)
Mkt cap ! $77.51M
Open High Low Value Volume
2.2¢ 2.3¢ 2.1¢ $62.26K 2.871M

Buyers (Bids)

No. Vol. Price($)
1 909090 2.2¢
 

Sellers (Offers)

Price($) Vol. No.
2.3¢ 931186 2
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Last trade - 16.10pm 27/06/2025 (20 minute delay) ?
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