MAY 4.35% 2.4¢ melbana energy limited

Cuba Block 9: Operations Update 31 May 2024, page-762

  1. 5,044 Posts.
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    Be patient guys. He means it.
    hes prob not going to announce anything this end of financial year. Lets face it EOFY every dog stock incl May gets sell down so any good news may not improve our share price
    The quick rebound from 4.3 c fo 6.9c gives me a sense of confidence we will ride through. 90% of speccies die in asx and i think MAY may just be one of those 10% that triump. If flow is good shorters will be burnt after peeing in the pants. Read my post about the 9 commandments and theres got to be a resson why so many good unexplained reasons still to suffice e.g no one will get separator if no oil. No one go Cuba from Sonagol for no news. Or why Mckeown states and repeats APs goal of 5000bpd by year end and billion dollar company in 3 years. So much to be explained and the truth may come out soon but ya gotta be patient...hard cos your head is spinning with all dooms day and boomsday scenarion, your wallet burning with lossses. Be patient and dont sell until 20c minimum is what i tell myself
    ...i know i know share is barely 7c but i believe in the assets . If flow rates are good and we produce by year end 20c will seem cheap. Selling at 7c will seem silly.
 
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