MAY 4.17% 2.3¢ melbana energy limited

running a book on where SP will be when Santos announces new partner, page-2

  1. 623 Posts.
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    None,
    No longer hold here after 11 miserable years. Last remaining 2 million shares sold today.
    Good luck to all, hope better times ahead , for me however, intolerable management decisions, abysmal progress and performance have finally hit home.
    Company is valued at $21mm today, with only $2mm cash support and large commitments in Cuba . Big disparity for me, far to high, especially as I cannot see any cash coming in .. massive dilution coming as well with the metgsaco Fiasco, a near 3 billion share company if it happens ! Cuba no one has a clue what is going on and BH at best a 20% CoS wildcat.
    Beehive will happen IMO, but at least 12 -14 months away IMO until the drill bit turns .
    May have a looksie again after things have settled and better direction known in Q1 20.
    ATB.


 
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2.3¢
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2.3¢ 2.4¢ 2.2¢ $61.98K 2.702M

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4 753326 2.3¢
 

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Price($) Vol. No.
2.4¢ 2582136 17
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