MAY 3.23% 3.0¢ melbana energy limited

The current management that has got us to this position (ie....

  1. 77 Posts.
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    The current management that has got us to this position (ie. about to announce agreement to drill Cuba, value add business in Cuba, 3D, Nth OZ with farm in optioned from majors, re-kindled interest in Tassie Shoal...) is certainly NOT the same arrogant management that squandered our resources in the past and set us up for VERY high risk plays. I first bought in many years ago around 60c, averaged down considerably and seen us arrive at this point with a suite of the most exciting prospects all coming together over the next 6 months. This is a very different company from 5-8 years ago! Sure, I thought NZ was bad judgement. But that was relatively small play, so prepared to forgive and forget.. And the risk in Cuba has been managed well as far as I can see. The Nth Aust prospect has demonstrated some very astute geo analysis and subsequent 'big fish' partnering for the 3D and options to partner further. Risk has been appropriately negotiated without greed becoming the major driver. We now will see if all this pays off. This is a risky business. Big rewards and Big losses possible. Not the stock to bet the farm on (IMO!) and not for the faint hearted. But exciting at times like this! So let's enjoy the moment and stop whinging about our past bad choices/luck/management/etc. GLTAH.
 
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3.0¢ 3.0¢ 2.9¢ $98.24K 3.284M

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No. Vol. Price($)
1 86990 3.0¢
 

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Price($) Vol. No.
3.1¢ 181225 2
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Last trade - 16.10pm 18/11/2024 (20 minute delay) ?
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