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3.9¢ melbana energy limited

Ann: Drilling Update at Alameda-1, page-104

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Sharetrader78

13,196 Posts.

1905

23/02/22

16:17

Post #: 59766347
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Originally posted by Feral54: ↑

quite, not like the years you have waited though is it. The original plan was to complete the well then Ann. It maybe they have reverted to that. Given they will be into Alameda next week it won’t make much difference either way now.
My particular interest in the upper sheet is that my entry strategy was based on that discovery. One likes to ascertain how ones strategy pans out FFR. Now I am in the same conundrum as all others here. Do I sell down to free carry like JackSpara or just sit hoping the 2 discoveries to date effectively cover any downside. I would have preferred the upper sheet data but I’ll take the double discovery as a free carry equivalent and just sit. The former being the less stressful.

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I sold down to free carry then the SP dived to present levels so purchased back the bulk I sold much cheaper..I really think we gave something special here so won't be selling any till we have the full picture on Alameda

MAY Price at posting: 5.5¢ Sentiment: Buy Disclosure: Held
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Last 3.9¢		Change 0.006(18.2%)		Mkt cap ! $131.4M

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