MAY 5.26% 3.6¢ melbana energy limited

Ann: 2023 AGM Access Letter, page-13

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  1. 2,164 Posts.
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    This is what happens over time when you get stuck on a stock waiting for production impatience / frustration. The 2 cent to 20 cent ride is over for now and it's all been slowly regressing.

    Rightly or wrongly I sold down 50% of my holding gone on to lower market cap stocks a Goldie for $30m
    which I think will begin production mobilisation later
    this year on finance and a oil and gas producer $5m market cap versus $250m odd swayed me risk vs reward of course MAY could explode in the next month or so but just unsure on the Cuba factor could be looking at a longer SP increase definitely around the time the Alameda and Marti zones are encountered we should see some speculation creep in. When they get a Amistad campaign underway she should heat up $$$

    If I'm lucky my two new prospects will be up and I can rebuy my original stake or more.
 
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