MAY 6.67% 3.2¢ melbana energy limited

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  1. 3,804 Posts.
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    why every1 is hanging onto weekly updates astounds me. who cares?

    posted earlier how much delays occurred drilling Alameda, expect as much here. If we reach TD by late Sep/Early Oct, I wouldnt be surprised. Dont expect much pre oppies lapse date, just look at the last two drilling updates:
    16 Aug - 2150m
    4 Aug - 1942m

    12-13 days to drill 208m, imagine if we encounter similar issues to Alameda at depth?!

    so, at that rate:
    16+12 days = 28 Aug ~2358m
    28 Aug + 12 Days = 9 Sep (oppies expired) ~ 2566m and barely in the 2650m target zone! (i know they expect it lower now - but who knows!!)

    itll take til end Sep/early Oct to call TD ~3000m? imho.

    relax peeps. smoke a cigar or drink some rum - Cuban preferably!
 
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