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6.67%

2.8¢ melbana energy limited

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gosh

12,711 Posts.

719

30/09/21

16:06

Post #: 56472300
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Originally posted by mickeebee: ↑

i used CVN as a prime example. They own 20% of the Dorado (STO remainder) prospect and it has 162MMbbls.

If we hit anything similar or more, at 30%, excluding all other MAY vs CVN prospects, then we should have a similar mkt cap after adjusting for the differential cash balance (they have close to 98m vs our recent raise in cash).

So, in short, 30% traded against CVNs 20% due to cash difference (roughly) and mkt cap of CVN ~$470m, so 7.5 BAGGER from here....aimho.

There will be some downward revisions to this for the expected oppie dilution next yr, but given it should raise some $$$, it shouldnt impact alot (maybe 1-2c).

my medium to long term SP target is >18c. I have loaded accordingly. should the Dec/Mar drilling yeild additional size plays, we could double the 18c easily. in time, with successful drills, 30-40c is my target sp. wont sell a share until this materialises.

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i was on the cvn run as well ,did well there! i had more ,yet still hold 10,000 freebies selling down to pay bills .if melbana run like they did.... omg ....
good example !!

MAY Price at posting: 2.4¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 2.8¢		Change -0.002(6.67%)		Mkt cap ! $96.05M

Open	High	Low	Value	Volume
3.1¢	3.1¢	2.8¢	$157.4K	5.395M

Buyers (Bids)

No.	Vol.	Price($)
15	3631108	2.8¢

Sellers (Offers)

Price($)	Vol.	No.
3.1¢	368992	3

View Market Depth

No.	Vol.	Price($)
15	3631108	0.028
8	1256370	0.027
6	1287999	0.026
4	1214000	0.025
3	660500	0.024

Price($)	Vol.	No.
0.031	368992	3
0.032	214405	4
0.033	1285000	4
0.034	114471	2
0.035	69957	3

Last trade - 16.10pm 16/10/2024 (20 minute delay)

MAY (ASX) Chart