MAY 5.26% 3.6¢ melbana energy limited

Ann: Webinar - Block 9 Field Development Plan, page-150

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  1. 356 Posts.
    lightbulb Created with Sketch. 27
    Bugger, now can't even afford an electric scooter or bike looks like a secondhand pair of kicks at best!
    Guess the quarterly was always going to reverb what we already knew and bound to scare punters again with another 20% dump of SP.
    Webinar won't raise the dead but may have small impact or stem the flow, concern now is cash for development circa 12.5mill was it so what bang do we get for that buck or do we know have to raise at rock bottom selling of more of the project for a pittance?
    I just wonder what the difference in position would have been if we had sunk few holes into the known Unit1B even step outs to test extents of reservoir and had achieved at least some flows to surface if then MAY would be better positioned to seek the Grail. Boring yes but would that not put you in way better spot than where we are now why put yourself in such a "make or break" and have to keep dragging company out of the hole.
    Yeah I know hindsight magnificent beast and def greed that has led us to this path but jeez someone out there has to have been crunching the numbers looking at the loss/gain column and percentages cos, anyways nothing to do now as in for the ride guess the May train is no longer an express appears to be stopping at all stations!

    Cheers & GLTAH

 
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