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10.3%

3.2¢ melbana energy limited

.Where are you getting 30mil cash left. 2 min scroll over the...

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Gharp

4,809 Posts.

848

03/07/24

19:57

Post #: 74594737
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Originally posted by mickeebee: ↑

why should this go to zero??? I could list 1k lifestyle companies on the asx with hardly any cash and mkt caps (EVs) larger than our ~$30m cash balance!

we have 1bn BOE, min 10% recoverable. in one section, another 2300 sq kms of "potential" to boot, and only stumping 30% of the costs

its AP ive got the issue with. If (in the remote chance) it does go to zero, i take solace in the fact that he had ~236m shares and a loan on some.....and deserves to lose them all based on his "outstanding " performance to date....

reality is, the cashflow (due soon) will tell us how much $$$ for field dev there is. I suspect >~$30m ca$h left....that could be used to develop ~$100m in field capex. more than enough to get the taps on....rest could be modestly debt funded...

or

Sonangol lose their shite with AP and pay us 12c now and politely show AP et al the back door (preferred outcome). I'm sure many on here would take 12c over 3c right now........

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Where are you getting 30mil cash left. 2 min scroll over the last quarterly they had 16 mil cash left and probably have burnt 4 more this quarter with 12 mil that they may not be able to use on cuba due to receiving it from that american company when they sold out in AUS

MAY Price at posting: 3.0¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 3.2¢		Change 0.003(10.3%)		Mkt cap ! $107.8M

Open	High	Low	Value	Volume
2.9¢	3.2¢	2.9¢	$182.4K	5.982M

Buyers (Bids)

No.	Vol.	Price($)
7	534562	3.1¢

Sellers (Offers)

Price($)	Vol.	No.
3.3¢	1235000	3

View Market Depth

No.	Vol.	Price($)
5	170079	0.031
3	650000	0.030
6	521452	0.029
16	4741995	0.028
6	721597	0.027

Price($)	Vol.	No.
0.033	1235000	3
0.034	114471	2
0.035	36623	2
0.037	1000000	1
0.038	760674	5

Last trade - 16.10pm 18/10/2024 (20 minute delay)

MAY (ASX) Chart