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3.6¢ melbana energy limited

Ann: Block 9 Alameda 3 Appraisal Update (Alameda reservoir), page-969

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samcharlotte77

4,364 Posts.

692

23/07/24

10:41

Post #: 74869661
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Originally posted by samcharlotte77: ↑

Sadly your extremely wrong as I have only traded MAY once and bailed for a profit when I saw a large volume being dumped prior to announcement.
I assume only GOD knows why there was a substantial increase in volume traded both times prior to no flow announcements with a dramatic fall in price. Fortunately the market has participants like yourself who obviously believe GOD is in control of determining if wells flow and why substantial volumes of shares are dumped prior to announcements.
I find it cute the way you defend the CEO. His performance and lack of announcements to keep investors informed in the current drilling campaign been abysmal. He has not even announced to market a clear consise path moving forward and has just left the market hanging.

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Will be interesting where it stops once 2 cents broken and stops are hit as the bid size is very light. Management has gone eerily quiet. Silence is never a good sign from MAY Management

MAY Price at posting: 2.3¢ Sentiment: Sell Disclosure: Not Held
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(20min delay)
Last 3.6¢		Change 0.000(0.00%)		Mkt cap ! $121.3M

Open	High	Low	Value	Volume
3.6¢	3.7¢	3.5¢	$225.2K	6.220M

Buyers (Bids)

No.	Vol.	Price($)
1	461171	3.6¢

Sellers (Offers)

Price($)	Vol.	No.
3.7¢	520000	2

View Market Depth

No.	Vol.	Price($)
1	461171	0.036
6	2809983	0.035
6	1418667	0.034
5	287200	0.033
2	550000	0.032

Price($)	Vol.	No.
0.037	520000	2
0.038	704311	3
0.039	1155580	6
0.040	938244	5
0.041	417175	3

Last trade - 16.10pm 02/10/2024 (20 minute delay)

MAY (ASX) Chart