When I last looked at Melbana (ASX: MAY) they were at 1.5 cents and I said they were worth checking out about now. Well, the price has dropped to 1 cent. Their trading halt led to the price dropping, and they look like they shot themselves in the foot a bit with damaging their A-2 well.
However, they seem to be picking up and carrying on, so there would be a good 50% jump in November if the spudding goes well.
Watch this space and check back in mid-December.
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