MAY 4.35% 2.2¢ melbana energy limited

Ann: Block 9 - Maiden Contingent Resources, page-336

  1. 94 Posts.
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    Yeah these dumps are what is going to happen with the few day traders left still trying to catch on a T+4 over the weekend into an announcement. I'm happy to buy at the bottom of the range but we're not going anywhere unless the company finds something and actually tells us about it. No idea how something price sensitive has not occurred after 4 weeks in this zone of interest.

    If they've slowed the drill so much that we've still not encountered anything, or an operational interruption such as waiting for the separator has happened, I would still think that would qualify as a massive deviation from the communicated plan and would be worthy of an announcement. I'll send out an email and see if I can get them to commit to something instead of just whining about comms again.
 
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