MAY 4.35% 2.2¢ melbana energy limited

Ann: Block 9 Status of Alameda 3 and Operational Update, page-20

  1. 870 Posts.
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    Pretty positive announcement. I'm happy with that. I suspect this stock will be a big winner for insto's and not retail investors. Sooner or later the SP will rally to 20c or so and all the exhausted retail money will exit leaving the big investors to hoover up ownership of a, by then, proven blockbuster producing oil field. Sort of sad but predictable.
 
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