MAY 28.1% 2.3¢ melbana energy limited

Ann: Zapato-1ST Drilling Update, page-363

  1. 41 Posts.
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    I don't remember a CR after the rise 4ish months ago.

    It got pumped because of the expected flowing of A1, and when that was assumed (wrongly) to be be P&A the money and interest ebbed away on hiatus. Throw in also options conversion and the inevitable sell off thereafter.

    if your view is to hold until either a) best case scenario- oil, then revenue, then dividends are declared, or b) worst case- buy out/ take over then youll be fine. Even if you got in at 20c. The intrinsic present value of whats been discovered is greater than the 20c mkt cap. your job as a retail holder is to sit tight and let mgt do their job, which is bringing this thing home to roost. if you're a trader, then just know that the day after you exit, it'll slide into a TH with Zap results and the following production plans. id prefer to be inside the tent when that happens.
 
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2.3¢
Change
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2.8¢ 2.9¢ 2.1¢ $1.656M 68.27M

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4 3909224 2.2¢
 

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2.4¢ 2254933 11
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