MAY

6.90%

3.1¢ melbana energy limited

Ann: Block 9 Alameda 2 Appraisal Update, page-781

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kornik13

104 Posts.

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17/08/23

18:52

Post #: 69403563
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Originally posted by Kit67: ↑

Stranger things have happened!

I think that now a lot of the "numpties" (someone else's expression her) have been cut out, only longer-term, more sensible money remains. So on any new good news, there is ample capacity for new buyers to come screaming back in. I notice that all the TA guys have gone deadly silent and haven't mentioned the RSIs lately (as an example). Guarantee that they are massively over-sold, and we are "outside the lower Bollies" (etc.). Like a rubber band, this thing will snap back the other way soon enough.

I have conviction that the fundamentals are good, and in fact have improved over recent weeks (we now have confirmation of oil in U1A and U3, and will probably get U2 and 1B confirmations soon: read back over the "shows" during A1 and you will see what I mean). The resource numbers will also be upgraded shortly, and we will then see EvoCap publish new numbers (that 23 cents number will go to around 48, even before we add in anything from A3/Marti). Then, spud A3 and we are off to the races.

Silly b*ggers who sold. Take advantage of the firesale.

Kit.

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Hi Kit67

"I have conviction that the fundamentals are good, and in fact have improved over recent weeks (we now have confirmation of oil in U1A and U3, and will probably get U2 and 1B confirmations soon"

I don't think there's any doubt about 1B.

4Aug23 announcement:

MAY Price at posting: 6.7¢ Sentiment: Buy Disclosure: Held
22 Upvote

0 Great analysis

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(20min delay)
Last 3.1¢		Change 0.002(6.90%)		Mkt cap ! $104.4M

Open	High	Low	Value	Volume
3.0¢	3.1¢	3.0¢	$23.16K	752.0K

Buyers (Bids)

No.	Vol.	Price($)
3	511097	3.0¢

Sellers (Offers)

Price($)	Vol.	No.
3.1¢	330507	5

View Market Depth

No.	Vol.	Price($)
3	511097	0.030
13	1947939	0.029
9	3047022	0.028
7	1614740	0.027
4	1950000	0.026

Price($)	Vol.	No.
0.031	265829	4
0.032	416507	7
0.033	400954	5
0.034	1275000	4
0.035	1040266	2

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MAY (ASX) Chart

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Ann: Block 9 Alameda 2 Appraisal Update, page-781

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