MAY 4.76% 2.2¢ melbana energy limited

I caution about too much expectation. Some llike sharetraders...

  1. 5,051 Posts.
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    I caution about too much expectation. Some llike sharetraders want bang and get the heck out of here. I like it slow and steady with nice build up for a long lasting ending.

    i say just chill as ASX closed today take a swim and enjoy the day to tame your expectation.

    i hope for a long continuous run to 20c minimum. Lets face it if logs confirm the earlier drill an the flows are great on Alameda and Marti you really got to q
    uestion if you really want to sell off so early. I wouuld wait three of these give things first 1) core samples 2) flow rates 3) 1st 5000 barrel oil production 4) McDaniels reports and 5) evidence of institutions .

    Remember MAY is priced not to succeed and not been able to moneterise the oil but if we load a tanker that will dispell.

    i write this for long termers who may be swayed to sell if this pops up like 2 to 3 cents and sells when once above is confirmed it could go from 10 to 30c.

    I write because people like sharetraders wants to pump and exit and to high light thats is the way of day traders not long term investors. I said ill sell at 25 to 30c and that is my strategy for my 75%. Though i may exit 25% at 18c as trading parcel. Once we produce well f
    Get to offset 250million spent of past cost and losses, pay low tax for 15 years and get divies for rest of oils life. Block 9 could be 60 year producer.
    So look at the flow results not as an end but the beginning. AP has always stated be patient. Once producing a lot of companies will buy us out


 
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Last
2.2¢
Change
0.001(4.76%)
Mkt cap ! $74.14M
Open High Low Value Volume
2.1¢ 2.3¢ 2.1¢ $80.9K 3.638M

Buyers (Bids)

No. Vol. Price($)
13 1893208 2.1¢
 

Sellers (Offers)

Price($) Vol. No.
2.2¢ 70000 1
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Last trade - 13.39pm 15/08/2024 (20 minute delay) ?
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