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3.0¢ melbana energy limited

sell for god sake and buy bank shares….

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ratdog1031

984 Posts.

375

30/05/23

11:29

Post #: 68031320
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Originally posted by Feral54: ↑

Happy not to be deluded.
Al2 drill format is slow. Those who think a sudden gusher with a commensurate SP jump simply don’t. This rig doesn’t use LWD, presumably it doesn’t have the technological capability. They don’t have 3D coverage so how are they going to decide when to core?. Run underweight and watch the shakers? When they do core they have to pull the drill string and change the bit. So what happens to the core, does Cuba have the lab to evaluate it?. The Yanks won’t. Mx in the past have refused to give guidance on any discovery, instead they wait for the in-house geo team to do their volumetrics, that’s over a month followed by another month for McDaniels to do the same and this is without the delay for lab results.
Then they do a flow test and then repeat the whole process after shut ins etc, twice over. The real prize is of course in the 2 deeper structures.
What you think is irrelevant to me and I am in no position to guide you but I certainly won’t be gushing on HC for many months. I see that as pragmatism, not an absence of happiness. MAY has enormous potential, I will be happy when they deliver. On that criteria so far, no one should be happy.

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sell for god sake and buy bank shares….

MAY Price at posting: 8.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 3.0¢		Change 0.000(0.00%)		Mkt cap ! $101.1M

Open	High	Low	Value	Volume
3.0¢	3.0¢	3.0¢	$10.10K	336.8K

Buyers (Bids)

No.	Vol.	Price($)
3	753514	3.0¢

Sellers (Offers)

Price($)	Vol.	No.
3.1¢	856803	5

View Market Depth

No.	Vol.	Price($)
3	753514	0.030
16	1991895	0.029
11	3571388	0.028
7	1614740	0.027
5	1988499	0.026

Price($)	Vol.	No.
0.031	856803	5
0.032	557720	8
0.033	400954	5
0.034	1125000	3
0.035	1040266	2

Last trade - 10.27am 05/11/2024 (20 minute delay)

MAY (ASX) Chart