RE: Your point #1 in post 65297056 is covered by my #12 in post: 65295012
RE: Your point #2, I did include this in the VOGC valuations, however it certainly does deserve it's own point:
14) According to the latest ASX:MAY announcement, ASX:MAY have an interest in, gross 362 million barrels of prospective resources (mean, and Melbana 30%):
source: 22 Nov 2022, ASX:MAY, 2022 AGM Presentation https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02601304-3A607725?access_token=83ff96335c2d45a094df02a206a39ff4
RE: your $40million in cash, this is also worthy of a point.
15) At the end of the September, the quarterly stated that Melbana had $45,526,000.
source: extract from 25 Oct 2022, ASX:MAY, Quarterly Activities Summary period ended 30 September https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02587802-3A605450?access_token=83ff96335c2d45a094df02a206a39ff4
This is significant, because that would mean if there were 3,370,204,104 shares on issue, with a share price of $0.06/share, the market cap would be: $202,212,246.24, whereby the $45,526,000 cash makes up 22.5% of the companies market capitalisation. Therefore only $156,686,246.24 of the companies value is attributed to it's full list of assets:
source: extract from 25 Oct 2022, ASX:MAY, Quarterly Activities Summary period ended 30 September https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02587802-3A605450?access_token=83ff96335c2d45a094df02a206a39ff4
So is the 30% PSC for Block 9 only worth $156,686,246.24? Not to mention all the other tenements/assets. I believe the company is undervalued at $0.06/share.
RE: your points 6-9, yes, a comparison of all listed oil and gas companies would be worthwhile, I'll see what I can do.
RE: 10-13, I believe I covered that in post: 65295012 in my points 7-10.
RE: "hires from BHP" yes, I think the recent hires are also bullish and relevant.
16) Recent Organisational Changes (new hires):
Dr. Duncan Lockhart:
source: extract from 07/12/2022, ASX:MAY, Organisational Changes https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02609541-3A609054?access_token=83ff96335c2d45a094df02a206a39ff4
source: extract(s) from: https://www.linkedin.com/in/duncan-lockhart/details/experience/
Cate Friedlander:
source: extract(s) from: https://www.linkedin.com/in/cate-friedlander-131090/?originalSubdomain=au
source: extract(s) from: https://www.linkedin.com/in/unomakotsvanacfo/
Previously they had one person as the secretary and CFO, they have now split up the role, presumably due to an anticipated higher workload.
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2.3¢ |
Change
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Mkt cap ! $77.51M |
Open | High | Low | Value | Volume |
2.3¢ | 2.4¢ | 2.3¢ | $37.16K | 1.559M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
10 | 1371447 | 2.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.4¢ | 42608 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
10 | 1371447 | 0.023 |
18 | 5295227 | 0.022 |
20 | 2078175 | 0.021 |
24 | 4594776 | 0.020 |
10 | 1016513 | 0.019 |
Price($) | Vol. | No. |
---|---|---|
0.024 | 42608 | 1 |
0.025 | 1331811 | 3 |
0.026 | 2353955 | 8 |
0.027 | 1629611 | 5 |
0.028 | 1562711 | 10 |
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