MAY 7.69% 3.6¢ melbana energy limited

Thanks also for putting up genel energy as an example because...

  1. 10,189 Posts.
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    Thanks also for putting up genel energy as an example because current market cap is 700 million AUD with appraisal of 117 million barrels of oil which has been very slow to build on over past 3 years. MAY 126 million barrels being appraised conservatively at a 90 percent commercial success rate and a further 2.2 billion barrels of oil in the area to appraise at alameda alone.

    200 million market cap with 40 million in the bank is a pathetic market cap and severely undervalued market cap and north of 50 cents is coming. 15-20 cents is fair value right now. It’s got multiples on it but investors want to rush in, coming 2 weeks before the run up to appraisal and wait for impatient holders to sell lol. It’s running
 
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