MAY 0.00% 2.3¢ melbana energy limited

Block 9 $13.5 Billion for 20 years, page-4

  1. 3,599 Posts.
    lightbulb Created with Sketch. 1913
    Josu7,

    I wouldn’t assume an income quite yet depending on the terms on the PSC. There can be some restrictive terms on incomes pre commerciality. It may be required to reinvest in development/exploration/appraisals until commerciality is declared. Which is fine given the tax and PSC terms and would negate a need to get more capital via cap raise. Anything that avoids dilution and progresses revenues at a later point will be important.

    It’s a pretty tried and tested approach that the old timers would use
 
watchlist Created with Sketch. Add MAY (ASX) to my watchlist
(20min delay)
Last
2.3¢
Change
0.000(0.00%)
Mkt cap ! $77.51M
Open High Low Value Volume
2.4¢ 2.4¢ 2.3¢ $66.33K 2.869M

Buyers (Bids)

No. Vol. Price($)
5 185481 2.3¢
 

Sellers (Offers)

Price($) Vol. No.
2.4¢ 2402549 14
View Market Depth
Last trade - 14.05pm 26/07/2024 (20 minute delay) ?
MAY (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.