MAY 3.57% 2.7¢ melbana energy limited

May Chart, page-11283

  1. H18
    98 Posts.
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    It would be nice if management provided accurate timelines and occasionally exceeded them. At least the idea that unexpected news might drop might slow the downturn.
    Generally people get disappointed and concerned when the insinuations of quick progress aren’t adhered too. It happens all too often in this company.
    It doesn’t help the SP base for new good news to take us to a higher valuation.
    We’ve flowed and demonstrated such a large increase in resources (although not yet certified) and yet we’re heading back to the point we were at before demonstrating the commercial capacity of this well.
    The question and concern I have here is a low ball takeover. Or simply that I’m missing something of greater gravity.
    In the mean time the chart definitely seems to drive the narrative.

 
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