MAY 3.33% 3.1¢ melbana energy limited

None,No longer hold here after 11 miserable years. Last...

  1. 623 Posts.
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    None,
    No longer hold here after 11 miserable years. Last remaining 2 million shares sold today.
    Good luck to all, hope better times ahead , for me however, intolerable management decisions, abysmal progress and performance have finally hit home.
    Company is valued at $21mm today, with only $2mm cash support and large commitments in Cuba . Big disparity for me, far to high, especially as I cannot see any cash coming in .. massive dilution coming as well with the metgsaco Fiasco, a near 3 billion share company if it happens ! Cuba no one has a clue what is going on and BH at best a 20% CoS wildcat.
    Beehive will happen IMO, but at least 12 -14 months away IMO until the drill bit turns .
    May have a looksie again after things have settled and better direction known in Q1 20.
    ATB.


 
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Last
3.1¢
Change
0.001(3.33%)
Mkt cap ! $104.4M
Open High Low Value Volume
3.0¢ 3.2¢ 3.0¢ $30.13K 991.7K

Buyers (Bids)

No. Vol. Price($)
5 1062428 3.0¢
 

Sellers (Offers)

Price($) Vol. No.
3.1¢ 212937 2
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Last trade - 16.10pm 06/11/2024 (20 minute delay) ?
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