MAY 4.35% 2.2¢ melbana energy limited

Ann: Preparations underway for start of Zapato-1 exploration well, page-123

  1. 1,789 Posts.
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    Great Post @bigpelican,

    I agree with all that you have said - being a 10+ year invester in Melbana l asked the question of someone in the know within the Company:

    "Isthere any truth in the below post, the share price has significantly taken awack over recent weeks"


    Those in the know have been selling out forweeks now, all those on about "big boys" selling out to buy incheaper are dreaming. Time to face the fact this isn't going back to the highswe saw a month ago, the sell down will continue for more weeks.



    and the reply l got :

    "Don’task me to get inside the head of day traders. Is the author trying totalk the stock down so he can buy cheaper in the next couple of weeks before westart to drill Zapato – which was the biggest single target on our pre-drillassessment?

    Ithink “those in the know” understand that insider trading is illegal andremember that Steve Noske spent 9 months in gaol for such behaviour about 5years ago.

    I’vestopped looking at the blog sites – just gets my blood pressure up….

    ST

 
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