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9.09%

5.0¢ melbana energy limited

The next three months will be hectic with loads of MS...

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justinmetals

7,589 Posts.

1394

27/03/24

12:12

Post #: 73081208
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Originally posted by Techmeister ↑

I see 4 separate narratives at work - that serve to create a bit of confusion / hesitancy:
1) the progress / resource estimates of individual reservoirs - of which there are several
2) the strategy as to what to focus on given those comparative numbers - and when production could start on any one of those reservoirs
3) the possibility of even better numbers coming from deeper reservoirs - and the switch in strategy this would create
4) the task of actually bringing any meaningful production on line - pipelines, refineries, various infrastructure...
As investors, it's hard to know what are the key catalysts for a SP move.
But as every successive piece of news is released MAY will move from being 'interesting' to it being 'massive FOMO'?

And then it will go parabolic.

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The next three months will be hectic with loads of MS announcements.

Should generally keep the attitudes in check and rather gay

Last edited by justinmetals: 27/03/24

MAY Price at posting: 5.9¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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(20min delay)
Last 5.0¢		Change -0.005(9.09%)		Mkt cap ! $168.5M

Open	High	Low	Value	Volume
5.5¢	5.6¢	4.3¢	$1.018M	20.65M

Buyers (Bids)

No.	Vol.	Price($)
1	49793	5.0¢

Sellers (Offers)

Price($)	Vol.	No.
5.1¢	20349	1

View Market Depth

No.	Vol.	Price($)
1	49793	0.050
4	503979	0.049
1	50000	0.048
6	566992	0.047
3	288111	0.046

Price($)	Vol.	No.
0.051	20349	1
0.052	320000	2
0.054	100000	1
0.055	350000	3
0.056	398000	4

Last trade - 16.10pm 02/05/2024 (20 minute delay)


Last 5.1¢			Change -0.005 ( 7.27 %)
Open	High		Low	Volume
5.6¢	5.6¢		4.3¢	9945213
Last updated 15.59pm 02/05/2024 ?

MAY (ASX) Chart