MAY 9.09% 5.0¢ melbana energy limited

Wooo Hoooo Go MAY :)$$$$$$$, page-13

  1. 723 Posts.
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    look at it from Andrew Purcells perspective. He holds a enormous interest in this company (appx 300M shares). He cant sell a decent portion at any price without feeling the wrath of everyone and probably devalue the rest of his holdings.

    One way to monetise his interest in MAY is to develop/produce and fill the Melbana kitty with cash. Then a few cents dividend per year makes him several million a year - comfortable in any language. Thats what I am hanging out for in a couple of years.

    Option b, is to prove up block 9 with Alameda and Zap and run 3D seismic to show that the trend and leads run further east along the block. Then engage big oil for a takeover/buyout of the licence with royalties similar to beehive. Sure its in cuba, but would someone like Total care? prob not.
    If the price is high enough, I;m sure Songagol could be swayed. money talks.

    In the meantime, here we are treading water cause the announcements arent shiny enough (yet).

 
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Last
5.0¢
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5.5¢ 5.6¢ 4.3¢ $1.018M 20.65M

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1 49793 5.0¢
 

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5.1¢ 20349 1
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Last trade - 16.10pm 02/05/2024 (20 minute delay) ?
Last
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