MAY 10.3% 3.2¢ melbana energy limited

Ann: Webinar for Block 9 Update, page-214

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  1. 7,902 Posts.
    lightbulb Created with Sketch. 1035
    Not sure what makes this month "painful". The company was very clear on the timelines, and AP clearly stated that Sherritt Rig#1 was expected to be released in late September. So I am guessing that the company is working on pad preparations (as they said they would), new pad approvals (two are already approved, and they are seeking further approvals), A3 resolution design, and Unit 1B uplift and production plans. Not sure how that translates into "painful" though.

    Whole broader market is soft, so what you see if people switching from speccies back into the cheaper main board (as PEs improve when prices decline). Plenty of events on the horizon for Melbana should see interest lift once they commence. For now, chill.

    Kit.
 
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