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3.85%

2.5¢ melbana energy limited

yessss $1.50 sounds amazing man. Great analysis.

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gRungeKutta

65 Posts.

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02/09/23

09:19

Post #: 69701371
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Originally posted by Roch2077: ↑

MUCKSTER you need to understand MAY cannot export this oil because it’s shit oil. Therefore the Cuban government will control the pricing for the local market which doesn’t need that much shit oil. Heavy oil you don’t make money from. Right now company heading into production most likely after Tax, royalties and third percentage share on around 20-25 dollars a barrel you making 1-2 dollars a barrel.

- 1000 barrels per day and profiting $1-2 dollars a barrel meaning your making $2000 dollars a day profit. NPAT for the the year around $750k. Times that by PE of 7 and you’re worth 5 million dollars. Your current market cap is $250 million. Even if you pumped 10000 barrels a day your still only worth $50 million dollars.

- $50 million dollar valuation is around 1.5 cents a share price

MAY true intrinsic value is $1.5 cents a share price. Marti needs to give them light oil to medium oil to export it and the profits will come in. If it’s 22 API which it looks like it’s still shit oil and not bringing in the money so therefore still 1.5 cents a stock valuation

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yessss $1.50 sounds amazing man. Great analysis.

MAY Price at posting: 7.5¢ Sentiment: Buy Disclosure: Held
19 Upvote

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(20min delay)
Last 2.5¢		Change -0.001(3.85%)		Mkt cap ! $87.62M

Open	High	Low	Value	Volume
2.6¢	2.6¢	2.5¢	$6.512K	255.3K

Buyers (Bids)

No.	Vol.	Price($)
6	1446859	2.5¢

Sellers (Offers)

Price($)	Vol.	No.
2.6¢	628656	3

View Market Depth

No.	Vol.	Price($)
7	1476859	0.025
10	1272949	0.024
13	3732404	0.023
15	6460711	0.022
17	1554553	0.021

Price($)	Vol.	No.
0.026	137000	2
0.027	1825423	6
0.028	2209929	14
0.029	2282940	12
0.030	1323984	6

Last trade - 10.32am 18/07/2024 (20 minute delay)

MAY (ASX) Chart