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9.09%

2.4¢ melbana energy limited

Spreading awareness of market manipulation, page-26

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Brightoil

5,046 Posts.

778

03/04/24

11:33

Post #: 73164914
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Originally posted by Feral54: ↑

We all see attempts at market manipulation frequently. Like a 1c share where a buyer buys 132 shares to raise the SP by 1 pip. So $1.32 order is processed. There seems to be a focus in the pre and post market periods where only a bot could respond instantly. No human could respond to changes instantly. H/E in MAY’s case , we should be in a much higher price bracket where such manipulations aren’t evident. So whether there is or isn’t significant occurrences is really a secondary issue. The view that the SP is deliberately being held down is counter intuitive. The failure to deliver is far more likely a cause and the solution would swamp any such attempts.So I see these arguments as irrelevant.

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SPOT ON Feral. Oil is there. Management is poor at e tracting value and promoting stock to the masses.

MAY Price at posting: 6.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 2.4¢		Change 0.002(9.09%)		Mkt cap ! $80.88M

Open	High	Low	Value	Volume
2.2¢	2.4¢	2.2¢	$123.7K	5.384M

Buyers (Bids)

No.	Vol.	Price($)
4	2419592	2.3¢

Sellers (Offers)

Price($)	Vol.	No.
2.4¢	3008000	13

View Market Depth

No.	Vol.	Price($)
4	2419592	0.023
26	5502215	0.022
24	3202868	0.021
25	6238376	0.020
7	899744	0.019

Price($)	Vol.	No.
0.024	3008000	13
0.025	1233727	4
0.026	953955	6
0.027	1450000	3
0.028	1487208	8

Last trade - 16.10pm 31/07/2024 (20 minute delay)

MAY (ASX) Chart