MAY 4.35% 2.2¢ melbana energy limited

2020 - 15 months.....by that time we'll have had a minimum of 2...

  1. 9,676 Posts.
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    2020 - 15 months.....by that time we'll have had a minimum of 2 wells drilled in Block 9, a 3rd only months away and possibly a revenue stream from Santa Cruz....more than happy to wait a year or so if it means Total/Santos take up the option to drill as that'd be incredibly bullish.....GAME ON indeed!!! The market has missed the valuation of the Cuba deal, i put the SP mid 3's on a 50% discounted risk basis for the LOI, once a binding agreement is signed this becomes 7 - 8c for a heavily discounted risk valuation on Block 9 alone. Trouble is the SP has been put into a choke hold and manipulated to breaking point, that it's scared off most potential new investor's and rattled quite a few out of the tree too.....however, a big rerate is coming once the market wakes up to what's lining up here and can see through the "funny buggers" going on with the SP.
 
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Last
2.2¢
Change
-0.001(4.35%)
Mkt cap ! $74.14M
Open High Low Value Volume
2.4¢ 2.4¢ 2.1¢ $444.7K 19.98M

Buyers (Bids)

No. Vol. Price($)
3 2048367 2.2¢
 

Sellers (Offers)

Price($) Vol. No.
2.3¢ 1402823 5
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Last trade - 16.10pm 12/07/2024 (20 minute delay) ?
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