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MAY

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3.6¢ melbana energy limited

Ann: Conditional intention to make a takeover bid for Metgasco, page-21

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Fontaine82

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17/07/19

10:13

Post #: 39556121
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Originally posted by rosslr: ↑

So, Am I the only one who is scratching my head trying to work out the logic of this takeover strategy? Have I missed a communication from MAY to shareholders outlining the thinking of management??

I too am a long time holder and am sure used to let downs with this company. It always seems to get to the edge of a payday and management get a rush of blood to the head and make unfathomable (at least to me) decisions. I just wish they would focus totally of getting the long promised drills underway in Cuba, making some money out of the Santa Cruz deal and getting into bed with Santos and Total in Nth OZ.

I feel like management are again treating shareholders like pawns to played for their benefit. For the first time in many years I am seriously thinking of bailing. So much promise and so little delivered. I think that perhaps it is time for MAY to be taken over by a company who can realise the potential MAY's assets - the current mob just dont seem capable of doing so. Sorry to rant but my optimism has run out.

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If we can propose a TO of a company there better not be a CR anytime soon.

MAY Price at posting: 1.0¢ Sentiment: Buy Disclosure: Held
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Last 3.6¢		Change -0.002(5.26%)		Mkt cap ! $121.3M

Open	High	Low	Value	Volume
3.6¢	3.7¢	3.5¢	$40.16K	1.116M

Buyers (Bids)

No.	Vol.	Price($)
6	670068	3.5¢

Sellers (Offers)

Price($)	Vol.	No.
3.6¢	13422	1

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No.	Vol.	Price($)
4	478783	0.035
8	634374	0.034
6	1767551	0.033
1	300000	0.032
6	799800	0.031

Price($)	Vol.	No.
0.036	13422	1
0.038	802430	5
0.039	319682	4
0.040	904244	5
0.041	465955	4

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Ann: Conditional intention to make a takeover bid for Metgasco, page-21

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Ann: Conditional intention to make a takeover bid for Metgasco, page-21

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