MAY 27.1% 6.1¢ melbana energy limited

This is interesting from...

  1. 31 Posts.
    lightbulb Created with Sketch. 16
    This is interesting from 2008:

    https://www.theguardian.com/world/2008/oct/18/cuban-oil#:~:text=Mother%20nature%2C%20it%20emerged%20this,than%20twice%20the%20previous%20estimate.

    I guess that because nothing much has happened since then, the market is sceptical. The MAY market cap is way below that of CVN, for example, (a stock I also own) with much smaller discoveries of offshore oil.

    I think we will need to await a clear sign that commercialisation is going to occur in order to put the expected rocket under the SP.
 
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