MAY 20.0% 2.8¢ melbana energy limited

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  1. 3,676 Posts.
    lightbulb Created with Sketch. 1074
    why every1 is hanging onto weekly updates astounds me. who cares?

    posted earlier how much delays occurred drilling Alameda, expect as much here. If we reach TD by late Sep/Early Oct, I wouldnt be surprised. Dont expect much pre oppies lapse date, just look at the last two drilling updates:
    16 Aug - 2150m
    4 Aug - 1942m

    12-13 days to drill 208m, imagine if we encounter similar issues to Alameda at depth?!

    so, at that rate:
    16+12 days = 28 Aug ~2358m
    28 Aug + 12 Days = 9 Sep (oppies expired) ~ 2566m and barely in the 2650m target zone! (i know they expect it lower now - but who knows!!)

    itll take til end Sep/early Oct to call TD ~3000m? imho.

    relax peeps. smoke a cigar or drink some rum - Cuban preferably!
 
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