MAY 6.06% 3.5¢ melbana energy limited

Ann: Change of Director's Interest Notice, page-29

  1. 3,666 Posts.
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    ? Not sure what your avg is champ, but when its less the current SP then how can one be "losing"??

    some of us entered here sub 2c...either way, I'm a sucker for punishment and quite enjoy an all in punt now and then cool.png

    unit 1b reserves next.

    Should be....interesting. we KNOW that we have a major project just waiting for us to extract in the upper sheet alone, 600m of it, not 100m!! Soon to be followed by the main event...

    Current $200m mkt cap, $160m EV, with potentially >$30bn of oil in place by original prognosis (soon to be upwardly revised by multiples) - ill let u do the npv, % allocation and then the benefit up our sleeves of our first ~ $200m in tax losses (our current mkt cap worth) before we even start to pay tax...the pass through alone worth 6c per share.

    risk? Or Expected outcome?
 
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