MAY 4.35% 2.2¢ melbana energy limited

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  1. 623 Posts.
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    I would say are now 100% dead and buried.
    Will be interesting to see how much take up they got in the brief spurt above 2 cents, I suspect not a huge amount.
    I certainly did not as I saw no signs it was going to stabilise in the range I set myself as a target for me to commit.
    The way this has been sold down relentlessly over the last 6 trading days just goes to show how much work there is to be done here.
    without driving news, it is clear this company does not have the stability in its share register to maintain its SP in a stable upward trend .
    Disappointing day to say the least, I look back and very nearly passed the trigger to offload a few million at 2.5 Some days ago , but again I didn't.
    Not much more to add.
    Last edited by Spitfire: 20/08/18
 
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