MAY 2.17% 4.7¢ melbana energy limited

Why would the buy side look strong? Its quite disheartening to...

  1. 261 Posts.
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    Why would the buy side look strong? Its quite disheartening to buy a stock that has great potential due to a world class resource only for the price to be deliberately suppressed by the company / CEO himself.

    The price isnt low because of drilling failures or bad results. Its low because of piss poor communication from management, minimal ASX releases (if ivz can afford it may can afford it so f off with those who say its to save money its 4k thats nothing to a company) and general distrust of management.

    I am bullish on the stock but it would of been nice to see the price much higher then here where it should be right now. Im sure many would of taken some profits off the table by now instead we are stuck at a rock bottom price because the companys management is awful. AP knows how to drive the price up with better communication. Its clear this price suppression is deliberate. No wonder traders are staying well away from it. He has removed the volatility aspect from this explorer and therefore we are stuck at rock bottom because of no excitement due to f all asx announcements also.
 
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Last
4.7¢
Change
0.001(2.17%)
Mkt cap ! $158.4M
Open High Low Value Volume
4.6¢ 4.8¢ 4.6¢ $241.0K 5.125M

Buyers (Bids)

No. Vol. Price($)
8 1092455 4.6¢
 

Sellers (Offers)

Price($) Vol. No.
4.8¢ 135000 3
View Market Depth
Last trade - 16.10pm 21/05/2024 (20 minute delay) ?
Last
4.7¢
  Change
0.001 ( 3.07 %)
Open High Low Volume
4.6¢ 4.8¢ 4.6¢ 2598332
Last updated 15.52pm 21/05/2024 ?
MAY (ASX) Chart
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