Australia's largest stock trading and investment forum Australia's #1 stock forum

MAY

Click for more information

0.00%

3.6¢ melbana energy limited

Ann: Drilling update at Alameda-1 - Significant Oil Interval, page-542

First 542 Last

Share
Profile

Follow
jakspara

9,880 Posts.

3287

15/02/22

18:32

Post #: 59590417
Share

Originally posted by Buncher60: ↑

For all those defenders of the faith, here is something else to consider.

Firstly I will state at the outset, I have no doubt about the integrity of the management of MAY.

What no one has discussed is the elephant in the room that is Russia.

For those that don't know, the 70% holding partner with MAY is Sonangol (the National Oil Company of Angola). This is a State controlled entity. Both Angola and Cuba are politically aligned with Russia.

With Russia and NATO staring down each other, if God forbid, there is a War in Europe brought on by Putin whose ambitions are well documented, the outcome may be a disruption to world Energy supplies.

Where would the loyalties lie if push came to shove and those aligned politically with Russia ran out of oil and I'm not just talking about Cuba and Angola. Good old Cuba might consider it's best interests are not aligned with MAY.

I hope for all our sake that Putin backs down or someone else intervenes to de-fuse the bomb that is looking more and more like it may explode any day now.

I think those on this forum talking up the price, really need to re-consider the risk.

Expand

Mate, you are absolutely grasping at straws with this post. Far fetched doesn’t even go close to describing your theory.

MAY Price at posting: 6.6¢ Sentiment: Buy Disclosure: Held
11 Upvote

1 Great analysis

Reply

Top Stories

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

LTM

Rio Tinto confirms it's lobbed a takeover offer at Arcadium Lithium

RCE

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

There are more pages in this discussion • 47 more messages in this thread...

First 542 Last

Add MAY (ASX) to my watchlist

(20min delay)
Last 3.6¢		Change 0.000(0.00%)		Mkt cap ! $121.3M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
2	42166	3.6¢

Sellers (Offers)

Price($)	Vol.	No.
3.4¢	24103	2

View Market Depth

No.	Vol.	Price($)
4	478783	0.035
8	634374	0.034
6	1767551	0.033
1	300000	0.032
6	799800	0.031

Price($)	Vol.	No.
0.036	13422	1
0.038	802430	5
0.039	319682	4
0.040	904244	5
0.041	465955	4

Last trade - 09.50am 07/10/2024 (20 minute delay)

MAY (ASX) Chart

Day chart unavailable