MAY 18.2% 3.9¢ melbana energy limited

Company  directors also paid for A lot more shares on open...

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  1. 579 Posts.
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    Company  directors also paid for A lot more shares on open market and have been doing routinely.

    There has been active and sustained support both on market and through placing from Melbana directors of late ..

    They of course are more in line and abrest of the company’s portfolio plans than most ,however the golden rule and back to basics sign for anyone investing in spec shares is ,

    If the directors are spending their own money ( hard earned or not) on company stock, then this is a sign of positive things to come.

    If the directors are selling their shares ( which none of them are) then it is not.


    If anyone wants to strip it back to basics further, feel free ! 


    An all market Santa rally is now virtually a certainty in my books with the carnage over the last month  .... crude will also follow IMO.

    Global stock and commodity markets are now perfectly set up for it..

    We have key defining news to come before year end....

    good timing hopefully ! 




 
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