MAY 6.00% 5.3¢ melbana energy limited

"the news flow on this drill is being held back by external...

  1. 6,365 Posts.
    lightbulb Created with Sketch. 2407
    "the news flow on this drill is being held back by external factors" Sort of, I partially agree.

    From the Dec 20 2023 webinar: "...during February [March] we're going to be seeing results from the drilling through the Alameda section, in terms of the oil influxes into the well bore again and information that we can report to the market as we do that, going into March, it will be the same thing but for the Marti formation..." source: https://youtu.be/GlZmSIP5rz4?si=DtoXR07w1riZ-Iod

    I believe he actually knew he couldn't report oil shows for Alameda/Marti according to ASX compliance for an appraisal well, yet he made it sound like "we're going to be seeing results from the drilling through the Alameda section, in terms of the oil influxes into the well bore..." However... the "we're" he was referring to was probably everyone except the market in my opinion.
 
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.