MAY 0.00% 2.3¢ melbana energy limited

Ann: Non-renounceable Entitlement Offer, page-13

  1. 623 Posts.
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    wildcat Willy, ha ha.. he was a complete nut job wasn’t he.Well there is 2 things I’m going to say here , that will likely upset some and make others happy.Those looking to bail out before drill results, not convinced at all you are going to see the rises that you think are coming. howeverThose looking to hold, I actually do see positive drill results , however these are not easy drills..they will take time..There is going to be serious churn ahead, especially with so many shares that the underwrite will flip to ensure they take no losses. I am thinking entry point for me is circa 2 -3 weeks after spud before first targets intercepted ( dependent on drilling as planned and no issues seen) I may have it wrong and it may be flying to the moon but my gut feeling says no…holders here I think will be more than ok at the end of these drills.
 
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