MAY 5.13% 3.7¢ melbana energy limited

MAY - chart, page-7

  1. 77 Posts.
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    Many here share your frustration Spitfire.  What will it take to put a fire under this stock??  I know you think that dual listing will do the trick and I cant see too many downsides in doing so.  My guess is that retail investors are distrustful of the cuban operation and that institutional funds wont invest in such a small cap.  BUT, we are also have a great little ( bloody big actually!) play happening right off our nth coast with news re the 3d seismic data about to become available. 


    Melbana, 3/12/18 Total and Santos have also agreed to lock in a firm backstop date for acceptance of the seismicdata to trigger the start of the 6 month window for exercise of their option. Currently, data is expected to bereceived early in 2019.

    These are current plays with some major players as partners on some pretty promising prospects!  

     Although it is frustrating not to see more interest at present, at the right stage, (I think that this will be when the bleeding obvious potential is about to be tested!!)  it will just blow.  I am confident that we will end up at the same place in the end.  Although it would be nice to see a nice steady increase in share price, i don't think it is going to happen that way - rather, I suspect that it will go with a bang.  I would prefer to see a steady rise based on a increasingly sophisticated apprecitation of the potential that MAY has.  


    Perhaps there are 2 parts to this happening.  one being a dual listing and the other being a 're-storying' of the company - a fresh approach  to a new set of investors?

 
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Last
3.7¢
Change
-0.002(5.13%)
Mkt cap ! $94.36M
Open High Low Value Volume
3.9¢ 3.9¢ 3.7¢ $91.61K 2.396M

Buyers (Bids)

No. Vol. Price($)
12 634688 3.6¢
 

Sellers (Offers)

Price($) Vol. No.
3.7¢ 347895 8
View Market Depth
Last trade - 11.35am 01/10/2024 (20 minute delay) ?
MAY (ASX) Chart
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