MAY 4.35% 2.2¢ melbana energy limited

Ann: Block 9 Alameda 3 Appraisal Update (Alameda reservoir), page-234

  1. 6,639 Posts.
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    Any ASX announcement with the word "fail" in it is subliminally saying to shareholders stop dreaming.

    "That both reservoirs should now fail to do so when the appraisal well trajectory is minimally offset to the original exploration well means studies need to focus on the new data that has been acquired and the limited drilling parameters that have changed."

    Very dissappoiting news. Might even drift to high 2c levels given capital raise will be needed at some point. I made then lost $ earlier on this stock. I question the early dumping 2 hours before the announcement was made.

    My sentiment is "confused and I don't trust this company"
 
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