MAY 4.35% 2.2¢ melbana energy limited

Ann: Update on Appraisal Well Drilling Program Timetable, page-365

  1. 340 Posts.
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    I don't believe so. IMO this stock is a heavily manipulated one (most of them are) the substantial sell walls that materialise and disappear just as quickly when the price gets close to them forcing the price down is almost comical. I have been accumulating even throughout this "crash" with an average of 6.9c as I am investing for the potential of the resource size which does not change because of a delay.

    I would even be ok with another delay as this gives me more time to accumulate however a rig being mobilised would be preferred as who doesn't enjoy seeing their stock picks go up and feeling like a genius. I am down 12.92% at the time of this comment but i am not bothered. If we can hit 10.5c repeatedly without news of a rig being mobilised I am going to assume we will hit that again when positive news comes out and if we don't then ill accept my loss if it comes to it.
 
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Last
2.2¢
Change
-0.001(4.35%)
Mkt cap ! $74.14M
Open High Low Value Volume
2.4¢ 2.4¢ 2.1¢ $444.7K 19.98M

Buyers (Bids)

No. Vol. Price($)
3 2048367 2.2¢
 

Sellers (Offers)

Price($) Vol. No.
2.3¢ 1402823 5
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Last trade - 16.10pm 12/07/2024 (20 minute delay) ?
MAY (ASX) Chart
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