MAY 6.25% 3.0¢ melbana energy limited

May Chart, page-6550

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    https://hotcopper.com.au/data/attachments/4978/4978244-4f8e2b1e819f86e9899febfb2cf55aee.jpg

    This is certainly a key level, 61.8% fibonacci.

    If there is bad news, (like an ASX announcement telling everyone there is a hypothetical 6month delay) I would expect this to go down to the 50% fibonacci, e.g $0.084/share.
 
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