MAY 6.06% 3.1¢ melbana energy limited

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

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  1. 5,071 Posts.
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    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
 
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