MAY 9.09% 2.0¢ melbana energy limited

Don't really know who the sellers have been in the last few...

  1. 339 Posts.
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    Don't really know who the sellers have been in the last few weeks, but the low volumes suggest that many large holders, long term holders and people who know what they have are holding......... Yes the price has retraced a little, but it has been on low volumes and therefore this has not worried me. No real point in selling now even on heavy losses as news will shortly be coming in multiple waves. We have Alameda resource flow test and proving assessment coming, if positive possibly multi well development! We also still have Zapato to go back to next year and also potential royalties from Beehive in the long term future. MAY is well capitalised, and unless we are doing a massive multi well extraction of the field we should not require a significant capital raise. Waiting in anticipation from next week on Alameda rig mobilisation, and then in a couple of weeks hopefully drilling to prove up the potential massive resource...........Holding tight for now and blocking out all the extreme noise around at the moment (heavy focus required). Onwards and Upwards Comrades!
 
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Last
2.0¢
Change
-0.002(9.09%)
Mkt cap ! $67.40M
Open High Low Value Volume
2.1¢ 2.2¢ 2.0¢ $22.97K 1.106M

Buyers (Bids)

No. Vol. Price($)
14 1985991 2.0¢
 

Sellers (Offers)

Price($) Vol. No.
2.1¢ 360358 2
View Market Depth
Last trade - 16.10pm 06/09/2024 (20 minute delay) ?
MAY (ASX) Chart
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