MAY 3.13% 3.3¢ melbana energy limited

Ann: Preparations underway for start of Zapato-1 exploration well, page-193

  1. 4,695 Posts.
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    I'd have to agree. There are other oil and gas stock you have to wait years to get any movement at all then it is followed by capital raise after capital raise until you are diluted so much after all that waiting around may see you break even . This is one you can decent movement in 1 or 2 months (could be good or bad) and possible production in 9 to 12 months but I'm not sitting around investing in financial stock so do say bring it on. Swapped Mayo today at 6.5 for May at 8.8 which seemed like a good deal. May double down if this goes to the 7's

    I think that's what people don't get this end of the market is volatile and all manner of day traders/ trading houses etc will participate. Only invest(gamble) what you can afford yada yada
 
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