MAY melbana energy limited

Ann: 2023 Annual Report to Shareholders, page-15

  1. 6,917 Posts.
    lightbulb Created with Sketch. 2612
    Releasing the Annual report early... I wonder what information they might not want to include from October 2023....

    October 31st is the due date for these reports:
    https://hotcopper.com.au/data/attachments/5610/5610270-9aa87c3384d69079fc19cb586daf4ea5.jpg
    source: https://www.asx.com.au/content/dam/asx/markets/company-reporting-calendars/company-reporting-dates-2023.pdf

    Nothing is making sense to me. The executive chairman previously told us they wouldn't want to do anything other than what was previously planned because it would mean they would be taking materials away from Alameda-3 and using them elsewhere. Then they told us (after Alameda-2 concluded) it was the results for Alameda-3 which "excites shareholders"... Somehow this rationale has been magically forgotten.

    Something doesn't sit right with me. I wonder what they might be trying to evade, possibly trying to avoid being forced to report on what happens in October. Over the last two years (whilst drilling with good news, and with much excitement) previously they reported on: 21 Oct 2022, 29 Oct 2021 for their annual reports.

    Where there is smoke there is usually fire. I can't fathom what might be wrong, but maybe they are anticipating a failure for Alameda-2's 1st production well?
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)
Last
2.4¢
Change
0.000(0.00%)
Mkt cap ! $80.88M
Open High Low Value Volume
2.4¢ 2.4¢ 2.3¢ $26.10K 1.095M

Buyers (Bids)

No. Vol. Price($)
6 904997 2.3¢
 

Sellers (Offers)

Price($) Vol. No.
2.4¢ 398900 1
View Market Depth
Last trade - 16.10pm 17/06/2025 (20 minute delay) ?
MAY (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.