MAY 4.35% 2.2¢ melbana energy limited

Ann: Trading Halt, page-28

  1. 6,481 Posts.
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    It really could be anything. Offtake agreements, commercial flow, the spudding of Alameda-3 (with results from 1b/2).

    But my ultimate guess is that it was bad news dressed up as good news, and even the compliance officer from the ASX probably thought that was not acceptable.

    Time will tell, I will be reading the next announcement very carefully.
 
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