MAY 3.23% 3.0¢ melbana energy limited

Ann: Cuba update, page-14

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  1. 141 Posts.
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    Hi Spitfire, my view is changing daily on what you just wrote. I certainly agree to buy shares at 2 cents (all day long). But to fully average down? I personally think if management commit and execute binding agreements within 2 weeks for a farm in partner in Cuba, maybe the market mayhem catapults MAY's share price to 3.5 -4.3 cents. But then if there's no further news that price just settles again. How long between drinks till we hear about beehive? Will an initial dual listing dilute MAY's share price at the beginning?. I also noticed it was the first time management inserted drilling Cuba could possibly be April next year. In my opinion our business plan approach certainly does not bode well for 3 to 5 baggers share price. And i know some people want to be long term holders and r not concerned with selling, but without a major score on the board that produces heaps of income and profit its certainly not a solid investment. I think this is what i've learnt this week we just had an increase of 50% increase admittedly for only 2 hours but that's still a fantastic return if shares were bought and sold. DYOR just my debatable opinion, no stress intended.
 
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3.0¢
Change
-0.001(3.23%)
Mkt cap ! $94.36M
Open High Low Value Volume
3.0¢ 3.0¢ 2.9¢ $98.24K 3.284M

Buyers (Bids)

No. Vol. Price($)
1 86990 3.0¢
 

Sellers (Offers)

Price($) Vol. No.
3.1¢ 181225 2
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