MAY 5.56% 3.4¢ melbana energy limited

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  1. 8,593 Posts.
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    Perhaps need a reminder then - fair value right now is 15-20c and running all the way up to 50c in the next little while (or so the story was told just a 'few' times - forget just how many and so far forget 15-20c).

    But just in case some forgot already. However, those figures very unlikely to be reached just today - but then perhaps in 4 weeks time.

    M-star's valuation is currently shown as 12c - though another not exactly most reliable source.

    Those who bought at around 5c levels a short while ago are still doing rather well - even if there is a bit more pull back and selling at these levels. But then why would you - with 15-20c around the corner?? rolleyes.png After all, this is not a major 'down' supermarket. Definitely not advice either way - as far as I'm aware, an each way bet is more akin to horseracing. what.png

    Need some company released news - then we'll see which way this heads and possibly rather quickly, DOW movement notwithstanding. smile.png
 
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