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3.6¢ melbana energy limited

Ann: Block 9 - Early Production and Spud of Alameda-3, page-192

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ratdog1031

979 Posts.

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21/09/23

19:36

Post #: 69965545
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Originally posted by Bertie07: ↑

The second part of the Rene Rivkin attributed adage “buy the rumour, sell the news” sums up where we are with May. Clearly nothing the company announces is going to cut it with the market until we have proven certified reserves and money flowing into the coffers from a contracted buyer.
A3 is de-risked to an extent so we are clearly not a typical explorer play anymore in the market’s opinion. At least in relation to block 9. If we are being assessed as a producer then, it is early days, and the market as always, is correct.
‘I always look at why I put money into this company in the first place. To take a gamble certainly, but keeping the faith if it is prosecuting its thesis. Sure I could have done better if I had gotten in and out 3 or 4 times if I timed it perfectly, but I can’t be bothered with the effort and the paperwork. I am very comfortable with my holding and would buy if I had more funds.

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I remember seeing Rene talk once at a masters seminar that I went to many years ago and someone in the audience ask him what does he think about charting?

He said he had a long standing offer out that if anyone can prove to him they made a million dollars from charting he would match the million dollars and no one ever took him up on it.

MAY Price at posting: 6.8¢ Sentiment: Buy Disclosure: 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