MAY 4.35% 2.2¢ melbana energy limited

FA and TA only, page-14

  1. 10,189 Posts.
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    Again they should just sit back and look at the facts coming up:

    1. Alameda has already discovery called and oil spilling to surface
    2. delayed appraisal from 12 months ago is in 4 weeks time
    3. 388 million barrels of oil over 3 zones and that’s conservative. Management have stated could be 3-5 times larger
    4. Largest appraisal of oil in more than a decade
    5. production starting at end of March/beginning of April
    6. Fully funded and cashed up
    7. 90 percent geological success rate for commercialisation

    320 million market cap lol. Should be trading double that price right now fair value stupid selling. It will get there and with upside north of 50 cents and As others have posted to be exact somewhere between $0.70-$1.48. 4 weeks away and sell now to give a trader a refill lol it’s running and testing all time highs of 21 cents is coming
    Last edited by Roch2077: 12/01/23
 
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