MAY 45.9% 3.3¢ melbana energy limited

Ann: Block 9 Commencement of Alameda-3 drilling, page-513

  1. 3,663 Posts.
    lightbulb Created with Sketch. 1073
    again. relevance? rolleyes.png

    great. we had chatter like that at KAR when the mkt cap was less than its cash holding and it took years for it to find its viable project. look at karoon now. Had that also @ beach when i held 400k shares at 55c avg then it went to $3 within two months post acquisition....

    moral of the story - educate yourself (and others on here) about the BUSINESS journey ahead. not the daily SP springs.

    talk getting to each end game, not how the SP will lag and be manipulated during its daily journey there. Look at worthy comments (that attract both bulbs and multi-likes) and do some research to learn more about O&G. Do u see VOGC talk daily SP movts?? ever?

    Talk size of prize, net pay, sherritt vs Sonangol to take us out...granted acreage and other hits, port location, logistics, speed to market, funding, offtake, talk about Cuban rum for all i care....just not the daily (and pointless) buy sell spread on zero news flow which, like for the above two entities, will be soooo irrelevant in a few years.

    time to delta those sameoldways.
 
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