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2.9¢ melbana energy limited

you credit the register with far too much intelligence.

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28/08/23

09:29

Post #: 69578990
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Originally posted by Feral54: ↑

There is a legacy from MEO and Zapato. So even if the news is good the response is likely subdued. AP played banker politics with Zapato and the ricochet effects resile. Sonangol posted a $4b loss 2 years ago, so exploration funds were tight. Having half earned 70% of a GSD at Alameda they had little option but to fund the other 85% of Zapato of their farm in agreement and AP rammed the message home by a didactic statement he would do nothing with Alameda until Zapato was complete. The unexpected delays from a lot of granite and CUPET commandeering the rig has not helped retain SH. Plus of course Zapato is suspended/inconclusive. So combined with MEO there a lot of disaffected ex SH who are reluctant to reinvest. Technically AP has done well with Al2 and this bodes well for Al3 but the legacy’s persist. One wonders if things might be different if things were played so. The abrupt cessation of Zapato comes to mind but then the incredibly slow drill had developed a monumental farce which had become unsustainable anyway as Al2 and 3 beckoned. If Al2 comes up trumps today it will highlight these delays.

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you credit the register with far too much intelligence.

MAY Price at posting: 6.2¢ Sentiment: None Disclosure: Held
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Last 2.9¢		Change 0.001(3.57%)		Mkt cap ! $97.73M

Open	High	Low	Value	Volume
2.9¢	3.0¢	2.9¢	$1.049K	36.00K

Buyers (Bids)

No.	Vol.	Price($)
7	774589	2.9¢

Sellers (Offers)

Price($)	Vol.	No.
3.0¢	198601	9

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No.	Vol.	Price($)
7	774589	0.029
19	4771248	0.028
7	1185110	0.027
7	1307999	0.026
4	1214000	0.025

Price($)	Vol.	No.
0.030	198601	9
0.031	526254	6
0.032	614405	6
0.033	1235000	3
0.034	114471	2

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