MAY 0.00% 2.3¢ melbana energy limited

running a book on where SP will be when Santos announces new partner, page-2

  1. 623 Posts.
    lightbulb Created with Sketch. 278
    None,
    No longer hold here after 11 miserable years. Last remaining 2 million shares sold today.
    Good luck to all, hope better times ahead , for me however, intolerable management decisions, abysmal progress and performance have finally hit home.
    Company is valued at $21mm today, with only $2mm cash support and large commitments in Cuba . Big disparity for me, far to high, especially as I cannot see any cash coming in .. massive dilution coming as well with the metgsaco Fiasco, a near 3 billion share company if it happens ! Cuba no one has a clue what is going on and BH at best a 20% CoS wildcat.
    Beehive will happen IMO, but at least 12 -14 months away IMO until the drill bit turns .
    May have a looksie again after things have settled and better direction known in Q1 20.
    ATB.


 
watchlist Created with Sketch. Add MAY (ASX) to my watchlist
(20min delay)
Last
2.3¢
Change
0.000(0.00%)
Mkt cap ! $77.51M
Open High Low Value Volume
2.3¢ 2.3¢ 2.0¢ $132.0K 6.074M

Buyers (Bids)

No. Vol. Price($)
1 23522 2.2¢
 

Sellers (Offers)

Price($) Vol. No.
2.3¢ 1501137 5
View Market Depth
Last trade - 16.10pm 04/09/2024 (20 minute delay) ?
MAY (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.