MAY 4.65% 4.1¢ melbana energy limited

Ann: Block 9 - Maiden Contingent Resources, page-199

  1. 3,658 Posts.
    lightbulb Created with Sketch. 1073
    yep - some1s accumulating - thats an accumulation straddle - any1 with broker data?
    https://hotcopper.com.au/data/attachments/6064/6064901-a7d7161eb994ac509bdf068619303970.jpg

    the supply side dam walls @ 6.1/6.2c prevent the overflow upside - which they can manipulate at will (increase/decrease as others pile on)

    the 6c drip feed into the 0.059 buy side to drive the necessary churn they need, but the strong buy side walls at 5.8 & 5.9c ensure no one else gets into the accumulation action....they will keep at this until their desired load is achieved.



 
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