I hold a large parcel of Melbana shares. And I've always believed their timing is in fact pretty perfect. The world is increasingly held hostage by climate activist governments, who are strangling oil supplies. Meantime, the appetite and economics of EV's are not there.
Melbana is a big supply and getting closer to production. Getting closer to production at the same time as oil prices are expected to spike over $100 per barrel due to pressure on oil supply.
It's simple supply and demand economics. Melbana is heading into a sweet spot. And that's when it might get the attention of bigger players.
Don't mind if I'm proven wrong. But I've waiting for this change and it's coming. And we're finally looking at production.
I hold a large parcel of Melbana shares. And I've always...
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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) ? |
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Last
5.3¢ |
Change
0.003 ( 4.33 %) |
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| Open | High | Low | Volume | ||
| 5.4¢ | 5.4¢ | 5.0¢ | 1347067 | ||
| Last updated 15.56pm 03/05/2024 ? | |||||
| MAY (ASX) Chart |