MAY 3.57% 2.7¢ melbana energy limited

Ann: Alameda 2 Drilling Update, page-250

  1. 199 Posts.
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    Last 3 announcements have seen the SP go down, then one or two days after, climb past the pre announcement price.

    My guess is avg. 64m drill depth per day, 1600ish, now, to 1960 TD 25 days into drilling on a "calculator" not a rig!
    That sees TD around, next Wednesday.

    I would expect data outputs daily, not as announcements though.

    Next announcement who cares! My guesstimate next Thursday.

    I believe and hope, Monday will see a good, all time high for 12 months, so back touching 12 cents, settling on 11.5, that's a big call.

    Why: because of the volumes, from a days trade going from 3~m to 45~m on the ASX.
    Cheers
 
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