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MAY

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3.1¢ melbana energy limited

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justinmetals

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27/08/22

08:19

Post #: 63356692
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Originally posted by Feral54 ↑

Just over 14m actually.
Nah, don’t worry I’m fine. The last drill Ann had nothing positive for option holders. Shareholders much heralded path to production yet weeks to months away.
No depth progression on the wildcat as predicted they spent a week on POO and logging and running, cementing and testing a casing. So zero chance of a significant ann by the 5th. So sold 2m heads on Thursday after the ann and 5m more yesterday.
Every day without production costs MAY shareholders dearly, forget see saws. A globally significant discovery necessitates a commensurate response. Until we get that the SP will flounder. Again as predicted.

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Hi Feral, I disagree as there is every possibility we will get news in time as they should by report resume drilling this weekend.

With any luck the timing will be perfect to enable last ditch sale of heads at ‘new discovery’ prices. Nevertheless, we’ll done on pulling the chute and derisking because without news there will surely be serious pressure on the SP until the 7th-8th
You’ve got a great stack. Well done

Last edited by justinmetals: 27/08/22

MAY Price at posting: 7.7¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 3.1¢		Change 0.002(6.90%)		Mkt cap ! $104.4M

Open	High	Low	Value	Volume
3.0¢	3.1¢	3.0¢	$23.16K	752.0K

Buyers (Bids)

No.	Vol.	Price($)
3	511097	3.0¢

Sellers (Offers)

Price($)	Vol.	No.
3.1¢	330507	5

View Market Depth

No.	Vol.	Price($)
3	511097	0.030
13	1947939	0.029
9	3047022	0.028
7	1614740	0.027
5	1950001	0.026

Price($)	Vol.	No.
0.031	330507	5
0.032	477556	9
0.033	400954	5
0.034	1325000	5
0.035	1040266	2

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MAY (ASX) Chart

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