MAY 5.26% 3.6¢ melbana energy limited

Shareholder association update, page-5

  1. 5,067 Posts.
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    Thanks Andrew F appreciate your efforts in engaging with AP. IMO there is hope in the company and we need to continue to put the tension on MAY. We need them to complete their investigation and conclude what went on down there and either declare there is a solution or declare oil cant be retrieved and abandoned. Getting production done will help the share price. Bought back 2.3c and will hope for 7c in future. But patience and lots of it needed.

    Keep the faith we are not worth 30c but at 2 3c we are a steal and management have spend hundreds of thousand buying back at this low levels. I do siggest that AP gets out of Sydney collins street abd m9ve somewhere cheaper and cut out the excess staff.
    Last edited by Brightoil: 24/07/24
 
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