Whilst I am bullish overall I feel like confidence has been lost in the Melbana team after U3 failed to live up to expectations. The geos seemed so confident about a fault being the reason for poor flow and now that the results were deemed a failure by the market confidence in the geos ability to predict might have fallen significantly to outside investors.If Alameda / Marti turn out to be duds like U2 or flow poorly like U3 then I wouldn't be surprised to see us hit 2c.
Ann: Alameda 3 Drilling Update, page-102
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