MAY 3.13% 3.3¢ melbana energy limited

beehive 1 exploration well ., page-20

  1. 1,826 Posts.
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    I can't make alot of sense of the SP dropping. But its on a lower than average volume than preceding 3 months. Goes to show the SP was propped up by alot of short term swing traders than investors in the A1 drill.

    But for investors with a longer term horizon, yesterday was great news imo. The waiting game for resource reports and waiting for Amistad drilling make great buying atm, notwithstanding anything from Zapato (which would be a bonus). I don't hugely doubt Alameda and Marti will disappoint to the downside.

    Transfer of wealth from impatient to patient


    dyor
 
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