MAY 6.25% 3.0¢ melbana energy limited

Ann: Alameda-1 Drilling Update, page-191

  1. 9,668 Posts.
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    I’ll almost guarantee it was. There is a contingent of shareholders who’ve recently bought and openly admitted on the threads “this is my first oil stock” etc etc., I think that pretty well sums up where we’re at in terms of the share register, I think I mentioned recently my opinion of people blindly following social media “tweets” and doing absolutely zero of their own research to understand what they are buying and what to look for in upcoming reports. I knew as soon as I saw the mention of “evidence of formation water” and “We’re not sure if we’re seeing evidence of the full extent of this hydrocarbon interval in the Marti sheet”, “the intersection drilled in the Marti section will be plugged and a short side track well drilled” there’d be confusion followed by panic buttons being hit. Oil and gas investing is not for the feint hearted and you need to take the time to understand the terminology and what exactly is being conveyed in these reports, at face value to a new investor you’d be jumping overboard, yet if you know what you’re actually reading in today’s report it’s quite the opposite. My biggest disappointment today was I didn’t have the funds available when I saw it at 10.5c.
 
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