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MAY

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2.90%

6.7¢ melbana energy limited

Post is ageing well.

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Kit67

7,563 Posts.

837

15/11/23

15:22

Post #: 70918319
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Originally posted by Kit67: ↑

Maybe. But have been on that horse several time before: the spud rally, the drill rally and the stagnation, then the results (and ultimate sell-off). Very easy to "buy into the hype" of a drill at this stage, when it is actually the best time to sell (I am a firm believer that "markets always look their best at the top, and, conversely, their worst at the bottom".

The I*Z horse has run its race. They have hydrocarbon shows etc. but are a heck of a long way of anything of significance, and, at best, some will take their money off the table and look for the next best thing. MAY, on the other hand, has been battered from pillar to post recently, even when the fundamentals suggest otherwise. MAY is about to spud A3, and by the time everyone is talking about it (give it two weeks until the hype kicks in) the SP will be mid 7's at worst. Now is exactly the right time to be getting in (or doubling-up) on MAY: the noise is yet to start, and the flows (from other puppies that have run their race) will soon start to appear. Seen it all before, and will see it again no doubt.

Kit.

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Post is ageing well.

MAY Price at posting: 6.5¢ Sentiment: Buy Disclosure: Held
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Add MAY (ASX) to my watchlist

(20min delay)
Last 6.7¢		Change -0.002(2.90%)		Mkt cap ! $219.0M

Open	High	Low	Value	Volume
6.8¢	6.9¢	6.2¢	$609.3K	9.174M

Buyers (Bids)

No.	Vol.	Price($)
3	384016	6.6¢

Sellers (Offers)

Price($)	Vol.	No.
6.7¢	219268	3

View Market Depth

No.	Vol.	Price($)
3	384016	0.066
3	147565	0.065
3	173390	0.064
6	1279365	0.063
3	366000	0.062

Price($)	Vol.	No.
0.067	228092	1
0.068	243772	3
0.069	50000	1
0.070	197105	2
0.072	294100	2

Last trade - 15.31pm 17/06/2024 (20 minute delay)


Last 6.7¢			Change -0.002 ( 2.90 %)
Open	High		Low	Volume
6.9¢	6.9¢		6.4¢	3185430
Last updated 15.31pm 17/06/2024 ?

MAY (ASX) Chart

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