The Melbana Energy Limited $0.86/share Party, page-291

A 30% drop in SP in just over 4 weeks. This is not pip trading, it’s a systemic sell off and the longer this goes without any evidence of actual action by the company to begin movement on this Globally Significant Discovery the lower it will go.

Actions speak louder than words and since November last year there has been nothing but words…. This sideshow of empty rhetoric to placate SH and string it along needs to end. Clear, specific and realistic timelines need to be provided and stuck to come hell or high water. That or an admission of “We have no real idea when we can begin, it’s totally beyond our control.”

If there is bad news, just say it and let people make their investment decisions based on it and the continual slow SP decline would evaporate.

TD was suddenly and surprisingly called at Zapato on the 27th October, 2022. I doubt a single person (apart from Management) would have reckoned 5 months later (and still counting) we would still not have had a single drill bit spin anywhere on our Globally Significant Discovery, which keeps promising the world and delivering nothing.

A SP of 7.0 cents again is a reflection of MAY management and it’s a poor one at best.