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13.6%

2.5¢ melbana energy limited

May Chart, page-6479

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Roch2077

10,189 Posts.

1986

13/01/23

13:22

Post #: 65676485
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Originally posted by Flambeau: ↑

I see it going lower.

There is precedent for it going lower. If you look at the run, even from the 30/11/2022, the stock was running on the same fundamental information, and around the 13/12/2022 there was a pull back of 20%. Therefore this current dip of about ~5% is insignificant in comparison. Therefore, based on precedent, according to the same run, based on the same information, the same stock did have a pull back of about 20% previously. If you marry that with the fact there is a 10,480,778 share wall at $0.105/share... and that the revised time line for drilling to commence is: If "Drilling to commence Q1 2023" means it can be drilled on the 31/03/2023, that is 11 weeks.65651791 I think savy traders may understand that impatience, and the walls of shares at ~10.5c, and the absence of news may be a recipe for a ~20% pull back as had happened in the past on the 13/12/2022.

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You will get an update next week. But you know it’s going higher but waiting for someone to sell it to you lol. Ok goodluck

Starts posting 31/3/23 lol. It’s being drilled in Feb. Appraisal and production in March. But I should sell in because timeline is off by 1-2 weeks lol

Last edited by Roch2077: 13/01/23

MAY Price at posting: 9.6¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 2.5¢		Change 0.003(13.6%)		Mkt cap ! $84.25M

Open	High	Low	Value	Volume
2.2¢	2.5¢	2.2¢	$309.3K	13.30M

Buyers (Bids)

No.	Vol.	Price($)
1	30000	2.4¢

Sellers (Offers)

Price($)	Vol.	No.
2.5¢	4418678	8

View Market Depth

No.	Vol.	Price($)
1	30000	0.024
9	706664	0.023
11	3965602	0.022
21	1930479	0.021
26	4259696	0.020

Price($)	Vol.	No.
0.025	4418678	8
0.026	566965	6
0.027	557940	6
0.028	1519170	6
0.029	1908000	6

Last trade - 16.10pm 15/07/2024 (20 minute delay)

MAY (ASX) Chart

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