MAY 6.06% 3.1¢ melbana energy limited

meeting 17/07, page-8

  1. 270 Posts.
    lightbulb Created with Sketch. 156
    Ordinarily you'd think 90% value destruction in the last 2 years would lead to management repercussions. I think board / management renewal is one of few avenues to nearish appreciation. I think a series of specific pointed questions requiring specific pointed answers is a good last option before looking at board and managerial changes. All trust is lost in the current incumbents and hard specifics of the commercialisation of Amistad down to projected flow rates, usage and costs of tech for artificial lift and timing of well development would seem to be the last chance for the existing mob. There is clearly an extractable asset there. A competent management team capable of execution appears to be what we are lacking currently.
 
watchlist Created with Sketch. Add MAY (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.