MAY 0.00% 3.0¢ melbana energy limited

May Chart, page-7815

  1. 124 Posts.
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    I agree, really strange movements.
    For all intent and purposes looks exactly like a stock expecting a CR, holding the vwap down to meet a certain expectation.
    I'm not convinced this is the case.
    Can also be explained by lack of confidence in management after missing time lines and also Directors selling at an inappropriate time.
    Not sure what to make of recent lack of movement?
    l remain positive about what is to come but am also wary of previous month of trading.
 
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MAY (ASX) Chart
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