MAY melbana energy limited

Ann: Quarterly Activities Report and Appendix 5B - 30 Sept 2024, page-55

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    @jwoody1000

    Woody,

    They were pretty clear about timelines: you need to look back at the previous announcements. In the Quarterly they stated that "The contractor for the required civil works is expected to commence work towards the end of the rainy season (usually during November)". The reason for November was the wet season makes some of the roads impassable. Skip forward to reality, and the wet season has probably gone on for 2 or so weeks longer than originally anticipated, so November - as a timeline - could easily become December. Either way, we will hear something from them soon.

    The AGM is next Tuesday, 19th November 2024. I am expecting them to pump something out by Friday night to get everyone up to date. They are expecting some hostile holders, and perhaps by "rolling it in glitter" they can polish this up to look not so bad.

    From a SP perspective - I am expecting a "realistic but positive tone" at the AGM, and I think announcements during November will now be very forward looking: gilding the lilly, etc. News coming up includes A2 remediation (and from that, possible A3 remediation), flows and shipments, and progress on Pad2 and the next two U1B production wells. Certainly worth holding and seeing what comes of all this.

    Regards
    Kit
 
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