MAY 3.33% 2.9¢ melbana energy limited

Ann: Block 9 - Maiden Contingent Resources, page-160

  1. 5,027 Posts.
    lightbulb Created with Sketch. 776
    Precisely why this stock will be 30c in a few months. The final jump will be when they export at end of 2024. Its a no brainer screaming buy.

    Now let me tell you why this stock is manipulated down

    - our Amistad 1B prospective has tripled above the original 1A and 1B. Thats a significant rerate of stock
    Yet dial back the clock and we are no further in share price than when prospective was 1/3
    - we have 19 prospect in block 9 and explored on 2% of block . No value applied for rest of block
    - other units prospective to come. Based on Amistad alone we are undervalued at 5.9c by a factor of 5.

    Further we are soon to find out how big Alaneda 3 are. Which in itself is hugh
    Then we drill down to Marti which is enormous
    So easily worth $1.
    Why we are not there or close...ask AP and his average subpar performance. Ask why shorters keep this down
    At this capped price its daylight robbery but when Alaneda 3 or Marti flow the share will explode.
    Last edited by Brightoil: 27/03/24
 
watchlist Created with Sketch. Add MAY (ASX) to my watchlist
(20min delay)
Last
2.9¢
Change
-0.001(3.33%)
Mkt cap ! $101.1M
Open High Low Value Volume
3.0¢ 3.0¢ 2.9¢ $31.49K 1.068M

Buyers (Bids)

No. Vol. Price($)
5 353843 2.9¢
 

Sellers (Offers)

Price($) Vol. No.
3.0¢ 1108119 8
View Market Depth
Last trade - 10.33am 08/07/2024 (20 minute delay) ?
MAY (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.