MAY 5.56% 3.8¢ melbana energy limited

May Chart, page-12174

  1. 7,324 Posts.
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    Imo, and I'm no ap fanboy, ap had no reason at all to set a spud date,.... the week of blah.... and set himself up for a fall (unless he is in the buy queue too).
    So I reckon he's pretty confident (as one can be with so many moving parts/contractors) on that date.
    He has a time limit ticking on his performance rights. And one thing I do place store in is management greed and self interest.
    He has gone into hock using may collateral to leverage buy even more may shares, aligning oneself with AP over the last two years has proved profitable. Many of us entered our big purchases at two cents and oppies at 0. 8c
    Cheers tc
    The guy is as cunning as a latrine rodent Aimho.
 
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