Australia's largest stock trading and investment forum Australia's #1 stock forum

MAY

Click for more information

8.51%

5.1¢ melbana energy limited

Mate I'd be happy with 30c a share. $1 a share is dreaming

First 294 Last

Share
Profile

Follow
ohmikeyoh

261 Posts.

146

06/04/24

18:07

Post #: 73221641
Share

Originally posted by jason75: ↑

Let's be realistic, even if it flows like the clappers ( your words ) and the API is as good as people are hoping, do you think they will use A3 to flow and truck?
My take is I very very much doubt it.

Flow from A2 - maybe 800bpd consistently over a decent time period.
Potential cap out lower section of A3 and flow another 800bpd from it in the upper section.

Would then need to drill another 3-4 production wells to get to 5k bpd.

At the rate of drilling I would highly doubt that will be achieved.

However, some will still dream of the miracle $1 per share that has been getting posted for the last 2 years!
It MAY all happen just in a much longer time period, if they don't take the sale and move on.

Expand

Mate I'd be happy with 30c a share. $1 a share is dreaming

MAY Price at posting: 6.3¢ Sentiment: Buy Disclosure: Held
12 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 160 more messages in this thread...

First 294 Last

Add MAY (ASX) to my watchlist

(20min delay)
Last 5.1¢		Change 0.004(8.51%)		Mkt cap ! $171.8M

Open	High	Low	Value	Volume
5.0¢	5.2¢	4.8¢	$288.9K	5.779M

Buyers (Bids)

No.	Vol.	Price($)
6	570659	5.0¢

Sellers (Offers)

Price($)	Vol.	No.
5.2¢	1022600	7

View Market Depth

No.	Vol.	Price($)
6	570659	0.050
6	261327	0.049
3	1183332	0.048
7	1524000	0.047
8	1898782	0.046

Price($)	Vol.	No.
0.052	972600	6
0.053	396731	4
0.054	565513	4
0.055	381445	5
0.056	284320	3

Last trade - 12.32pm 22/05/2024 (20 minute delay)


Last 5.2¢			Change 0.004 ( 11.6 %)
Open	High		Low	Volume
5.0¢	5.2¢		4.8¢	2008425
Last updated 13.10pm 22/05/2024 ?

MAY (ASX) Chart

SPONSORED BY