RE: Your point #1 in post
65297056 is covered by my #12 in post:
65295012RE: 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=83ff96335c2d45a094df02a206a39ff4RE: 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=83ff96335c2d45a094df02a206a39ff4This 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=83ff96335c2d45a094df02a206a39ff4So 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.
