MAY 2.86% 3.4¢ melbana energy limited

Ann: Preparations underway for start of Zapato-1 exploration well, page-409

  1. 9,665 Posts.
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    Doubt he “knew something” mate, just a lucky call. While we don’t always get the timing right as long term investors, acting on “guesstimations” is a slippery slope…..the law of averages tells us that sticking to the fundamentals of the company gives us an edge in the long run. The fundamentals at the time were certainly not pointing to a sell, if we could’ve predicted the recent outcome we’d already be billionaires. I believe said poster was “buying the crap out of” 88e at 3.5c when they drilled their most recent duster, not sure why you’d be compelled to do that tbh, maybe another “guesstimation”?…..this time gone very wrong….
    Last edited by jakspara: 01/05/22
 
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