MAY 3.23% 3.0¢ melbana energy limited

Surely they couldve picked up some tenements somewhere anywhere...

  1. 1,767 Posts.
    lightbulb Created with Sketch. 95
    Surely they couldve picked up some tenements somewhere anywhere nxt to some producing field.. with small cash outlay for upcoming yrs.. this wouldve been enuff to give the sp a mediumterm boost and the oppies exercised..
    Instead they thought gullible shareholders would buyin on their recent crappy announcements.. after having director publicly stating that shareholders dont understand much (or words to that effect)..
    Simple solution.. directors need to be changed.. or directors need to get some new projects on top of current batch..

    Only good one they have is beehive at 20%..
    Cuban project is near to junk when one looks at the detail and even if comes off will take an eternity to get to decent net post farmout oil mmbo figures of any substance..
 
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