MAY 5.26% 3.6¢ melbana energy limited

May Chart, page-11086

  1. 4,748 Posts.
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    You are talking exactly to my point of distinction - i referred to the fundamentals getting stronger, not the daily market value of the stock.

    Why is the market still doubting the intrinsic value? I don't know, but maybe its a combination of a few things:
    1. Show me the money - when/if MAY starts trucking oil from Unit 1b, and begins monetising the discovery. Then the market might wake up.
    2. Whats the next news release that could support a price rise? Is it:
    a. Alameda-3. Presumably still a couple or more weeks to go to spud.
    b. Resource re-estimation for the various Amistad zones. Presumably a way to go.
    c. Any other news such as development well preparation. Also not expecting it in coming days.
 
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