MAY 9.09% 2.4¢ melbana energy limited

Don't Sell Your Shares Cheap, page-87

  1. 11,497 Posts.
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    i dont reckon we will. It's too cheap. And since the cap raise was done we have amazing news to create a larger valuation. Sophs arent stupid. yes they tale profits and, some, will do so regardless of potential. But many of the instos will know that this isn't the right return given the newsflow events ahead. I suspect they are trying to make it look like cap shares are here. Scare out the weaklings and hope to trip some stop losses. It wouldn't surprise me if they are pulled and/or some of the instos actuallybuy instead of selling at this price. but seriously... its the asx... who the f knows.
 
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