MAY 6.00% 5.3¢ melbana energy limited

I don't like it. Beehive farm-in was the cherry on top of the...

  1. 480 Posts.
    lightbulb Created with Sketch. 32
    I don't like it. Beehive farm-in was the cherry on top of the Cuba drilling. Can't tell me if they'd announced a farm-in with upcoming well we wouldn't be pushing 3c this morning. Yes you get out of the financial commitment of an expensive well, but wouldn't have been hard to raise the required cash. Raise your share of long lead items on Cuba drill news and then the rest on hype leading in to beehive drill. It's not the worst news, but has me deflated a bit.
 
watchlist Created with Sketch. Add MAY (ASX) to my watchlist
(20min delay)
Last
5.3¢
Change
0.003(6.00%)
Mkt cap ! $178.6M
Open High Low Value Volume
5.4¢ 5.4¢ 5.0¢ $154.8K 2.985M

Buyers (Bids)

No. Vol. Price($)
1 100000 5.2¢
 

Sellers (Offers)

Price($) Vol. No.
5.3¢ 113206 1
View Market Depth
Last trade - 16.10pm 03/05/2024 (20 minute delay) ?
Last
5.3¢
  Change
0.003 ( 4.33 %)
Open High Low Volume
5.4¢ 5.4¢ 5.0¢ 1347067
Last updated 15.56pm 03/05/2024 ?
MAY (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.