MAY 3.23% 3.0¢ melbana energy limited

Ann: Zapato-1ST Drilling Update, page-347

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  1. 3,626 Posts.
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    Zapato is certainly a catalyst. It is a refreshing change from recent times. Let’s hope we find what we are looking for and we can finally get to being a producer. That is where the big re rate lurks.
    I understand the academic interest in the impact of a proof of concept of play type, but this could have waited 18 months whereas my 20m options are long gone. It’s hard not to be churlish. My view is consistent with Michael Chaney, the function of Mx is to look after current , not future SH. I still hold all the shares I managed to salvage from the options though so if things do look up I won’t be going hungry.
 
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