should be at least 5c when production is confirmed, 7.5c in six months when a good cash flow is achieved and in one year possibly 10c
Unfortunately this is all pie-in-the-sky wishful thinking. Rational analysis does not work for evaluating MEL financials and related share price. I don't know why that is, but nobody else in this thread knows either. To the newbies, I'd suggest listening to the advice of those that have held this stock for 10 to 15 years. Stumpy's estimate is far closer to the mark IMHO. Take 20% off that and you might have a realistic estimation for future share price.
I even doubt we'll see much of a rise after news of first gas. This news as been expected literally for months, so any influence on the share price is mostly already built-in. I'll be happy if we get to 2.6c after all the Vali wells are flowing, and I'll be elated if we ever get to 3.0c with Odin flows. I hope the Gods prove me wrong now, for all our sakes
MEL Price at posting:
2.2¢ Sentiment: None Disclosure: Held
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