MAY 4.55% 2.1¢ melbana energy limited

Yes but they aren't saying and can't really. JM's $1 is...

  1. 3,626 Posts.
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    Yes but they aren't saying and can't really. JM's $1 is implausible but not impossible.
    Comments like a GSD, only likeness is found in the middle east and the ASX has no idea what we are sitting on imply that this field alone may well exceed all our expectations. So whilst I am against overt optimism and expect a buy out around 20 to 30c we just dont know. I dont want to excite wild optimism and unreasonable expectation but we need some proof. I wont complain about a gush of black gold to surface for starters.
    Meanwhile the McDaniels report is now overdue, IMO. I suppose they and MAY are haggling over its content? In any event we are so close to the crux of matters now it won't mean that much to Mr Market: all eyes focused on the drill bit. Around 1 month to go seems consensus.
 
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