I don't see Melbana as being in an evaluation (MC) problem at the moment. I think it's purely a timing issue that affects the MC.
People observe the general trend of melbana to drift down over time and so fall head over heels to exit if they think any delay is likely. It's a bit of a self-fulfilling prophecy in that regard, as people are still trying to short term trade what simply is no longer a short term stock. Melbana has the resources and is trying to bring it to market, there's very little that is going to sky-rocket a stock like this (Low APIs and absurdly high pressures could, but again it's more how it's brought to market for longer term).
Very simply, if you believe that Melbana is undervalued (which I do). We have to stay patient and trust in the process and management. Catastrophising and doomsaying about how we'll be under 3 cents soon isn't serving any purpose. I'd love to buy more at that price tbh
MAY Price at posting:
4.9¢ Sentiment: Buy Disclosure: Held
