MAY 3.13% 3.3¢ melbana energy limited

Ann: Interview with Executive Chairman, page-134

  1. 241 Posts.
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    A 2B MC would require a SP of around 60c. There are nigh on 3.4B shares on issue if you fully dilute for options yet to be exercised and undeclared performance rights, That’s a lofty SP at this stage we would need a clear plan for the commercialisation of the Alameda upper sheet that could finance further wells including what we find at Zapato to get there IMO. If we get there we will be an ASX 200 company, we won’t need to check in on HC as often can just read the AFR.
 
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