MAY 3.13% 3.3¢ melbana energy limited

Ann: Preparations underway for start of Zapato-1 exploration well, page-490

  1. 11,540 Posts.
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    I have a rough idea how the market works.

    My point is just that you are posting a lot about where this is heading (ie down). Maybe you have been right so far and maybe you will be for the next week, month maybe forever. But everyones time frames are different and for those of us quite happy to ride this out it is pretty annoying having someone repetitively posting the same thing about how its going down its going down its going down. We hear you. You think its going down futher.

    Its obvious you had a longer term plan in MAY and got sick of the price going down and the operational challenges that have changed the pay off time on this stock. Thats fair enough, but juts because you got out higher than the current price doesnt mean you are right. I had one stock in the last 12 months that I bought 5m of at a 10.5c average and planned to hold until $1 as i thought it genuinely had enormous potential. After about 4 months of no movement it spiked to 20c then fell back to 13. I panicked and sold it after second guessed myself. It is now 90c less than 2 months later with literally no news having landed. My point is, time reveals all. You are speaking like you are the oracle and know exactly where this will go. You don't. So maybe let those of us that are riding this further have some decent discussions on here without constantly telling us we are doomed. Or at least if you are going to do that, provide some decent reasons why rather than what you are doing now
 
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