MAY 4.00% 2.6¢ melbana energy limited

May Chart, page-6445

  1. 10,189 Posts.
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    previous performance lol. You need to understand market cap. 300 million market cap with 40 million cash for 388 million barrels of oil with discovery called is not even close to pricing it in. Reminder 90 percent geological success rate and we are 4 weeks away and you think there will be a pull back. This is going through 10 cents and it’s fair value is 500-600 million with discovery already called on a delayed well due to pressure issues. Going to keep running chart formed a pennant flag
    Last edited by Roch2077: 13/01/23
 
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