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3.23%

3.0¢ melbana energy limited

May Chart, page-4972

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Kriztian

629 Posts.

41

21/12/22

19:05

Post #: 65405215
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Originally posted by Roch2077: ↑

Have you even compared to it the industry and what their market caps are. Please

Like I said before:

1. STX 42 million barrels (700 million market cap), WGO 32 million barrels (350 million market cap) both 1-3 years away from production.

2. MAY 388 million barrels with 126 million being appraised at a greater than 90 percent appraisal rate with an additional 1.8 billion barrels of oil in Alameda being appraised in further well

3. Production starts on appraisal

4. discovery of oil already made, always a delayed appraisal from 12 months ago, countdown has already started with construction and permits done and it will be the largest appraisal in more than a decade

Go do some research of your own before posting your thoughts. On fair value this is 15-20 cents (600 million market cap) as we speak. It has an upside north of 50 cents on appraisal. This is running because it’s severely undervalued but you can post all you want I like it.

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So what amount of revenue do you suppose MAY will need to support a share price "north of 50 cents" (approx $1.7b+ MC)? And how do you propose those earnings will magically materialise "on appraisal"?

Last edited by Kriztian: 21/12/22

MAY Price at posting: 6.4¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 3.0¢		Change -0.001(3.23%)		Mkt cap ! $101.1M

Open	High	Low	Value	Volume
3.1¢	3.2¢	3.0¢	$174.5K	5.719M

Buyers (Bids)

No.	Vol.	Price($)
3	199616	3.0¢

Sellers (Offers)

Price($)	Vol.	No.
3.2¢	43032	2

View Market Depth

No.	Vol.	Price($)
3	199616	0.030
16	2220377	0.029
7	3593807	0.028
5	631405	0.027
4	387999	0.026

Price($)	Vol.	No.
0.032	43032	2
0.033	100000	1
0.034	249471	3
0.035	11623	1
0.036	150000	1

Last trade - 16.10pm 14/10/2024 (20 minute delay)

MAY (ASX) Chart

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