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3.0¢ melbana energy limited

MAY 2.7 cents here we come, page-13

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Fontaine82

172 Posts.

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13/08/18

20:35

Post #: 34909722
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Originally posted by lostandfound ↑

There's 170 million share holder options at 2 cents before 31st August = 3.4 million. Today MAY releases an ANN saying 3.2 million at 2 cents has been executed $64K. 40K of the 64K is from directors. With all the trading action over the last week, it now looks like holders had purchased shares in the 1-2 cent range apart from the cash raising ones with options and has been selling them out for a profit also there has been alot of pumping and dumping going on as well from day traders. You certainly can't blame someone for doing that as it's been like a vortex owning MAY shares and getting sucked further and further in with no reward. The biggest question on my mind is what if the 170 million shares get executed. The day after 31st of August does the share price free fall to 2.0 cents or lower and create another false bottom in the MAY's share price? Please feel free to correct my debatable mistakes. DYOR -just my opinion

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I don't think it will stay 2c or under for long after option take up. If there is a sell off. Cause two Anns due soon Cuba farmout and news from Beehive, Total and Santos then BOOM! Up it goes. That's my thoughts anyway.

MAY Price at posting: 2.2¢ Sentiment: Buy Disclosure: Not Held
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(20min delay)
Last 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

View Market Depth

No.	Vol.	Price($)
1	521231	0.015
16	2557462	0.014
6	2982000	0.013
4	3395000	0.012
4	3627788	0.011

Price($)	Vol.	No.
0.016	2684672	5
0.017	3796014	6
0.018	2684231	5
0.019	6240315	9
0.020	1582500	7

Last trade - 16.10pm 18/11/2024 (20 minute delay)

MAY (ASX) Chart