MAY melbana energy limited

Ann: Block 9, Alameda-3 Appraisal Update, page-107

  1. 373 Posts.
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    yeah I just had a look at the may presentation and it reminded me of all the issues they had with the mud and cementing. It also reminded me of how impactful that was on McDaniels assessment and the potential for upgrades if they can fix the large number of technical issues they have had.l. Unfortunately, that will not save us from the loss of value tomorrow and in the short term, but I Think in the long term much value can be gained from the project. This reminds me of STX a lot in the fact it is reliant at the moment on Walyering and I think MAY will be reliant on the less sexy Uppersheets to maintain and grow value more slowly. Hopefully, this can be done in the next couple of months and a more conservative higher probably plan outlined by management.
 
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Last
2.1¢
Change
-0.002(8.70%)
Mkt cap ! $70.77M
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2.2¢ 2.3¢ 2.1¢ $99.69K 4.545M

Buyers (Bids)

No. Vol. Price($)
12 4904949 2.1¢
 

Sellers (Offers)

Price($) Vol. No.
2.2¢ 391546 1
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