MAY 1.69% 5.8¢ melbana energy limited

May Train 5.8 cents express to 17 cents-stand clear please, page-5

  1. 600 Posts.
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    MAY is in the fortunate position of having very minimal risk from here on out. We already know what the Company will return to, and all they've got to do is get it right. It's the first time in a long time we're not sitting waiting for the unknown, and I'm confident this aspect will be cherished by anyone getting into MAY at this stage as the SP starts to reflect the realities of the forward plan.

    They say they've made improvised drilling plans with their lessons learnt from the first hitout at A-1. All they've got to do is implement them and we're a producer. Simple as? Hope so.

    Going to be a good run to the end of the year. I'm slightly disappointed that the plans haven't been "immediately announced" post Z-1, but I think its fair to give them a week or two for that Ann. Theyve been pretty quick moving camps in the past, so it wouldn't shock me at all to learn that they're getting ready to re-spud at the end of the month.
 
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