MAY 6.25% 3.0¢ 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
3.0¢
Change
-0.002(6.25%)
Mkt cap ! $101.1M
Open High Low Value Volume
3.1¢ 3.1¢ 2.8¢ $248.3K 8.453M

Buyers (Bids)

No. Vol. Price($)
4 750509 2.9¢
 

Sellers (Offers)

Price($) Vol. No.
3.0¢ 24364 1
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Last trade - 16.10pm 05/07/2024 (20 minute delay) ?
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