MAY 0.00% 4.5¢ melbana energy limited

It doesn't matter whether he is up for the job he is the...

  1. 2,164 Posts.
    lightbulb Created with Sketch. 563
    It doesn't matter whether he is up for the job he is the person the Cuban govt and Sonangol are comfortable dealing with so it's a fait accompli imo. He also has a hide like a bull elephant so it's water off
    a ducks back our opinions.

    It was entirely predictable imo for the share price to wither as the time drags on to production.

    Next big sp movements will be near the bottom of Al-3 so long as they don't have the same issues from Al-1 and can actually flow test properly. However it's going to be off a lower share price base. Those entering and exiting are the ones making the money. They are also driving the share price as its retail and speculators driving things.

    This company is not investment grade for the majority of the market based on the locality of the oil that won't change. The only thing that can change the share price is pumping large quantities of oil and turning it into cash and or a takeover.
 
watchlist Created with Sketch. Add MAY (ASX) to my watchlist
(20min delay)
Last
4.5¢
Change
0.000(0.00%)
Mkt cap ! $151.6M
Open High Low Value Volume
4.6¢ 4.7¢ 4.4¢ $494.2K 10.86M

Buyers (Bids)

No. Vol. Price($)
2 714056 4.5¢
 

Sellers (Offers)

Price($) Vol. No.
4.7¢ 462413 7
View Market Depth
Last trade - 16.10pm 19/06/2024 (20 minute delay) ?
MAY (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.