MAY 10.3% 3.2¢ melbana energy limited

May Chart, page-4370

  1. 10,189 Posts.
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    Fact is everyone of them know it’s going to keep moving up. But they want it to magically retrace to allow the traders to get a refill to keep running it up. It’s almost Christmas and then there is 8 weeks left till appraisal. But you know what I should sell a company worth 15-20 cents market cap, 90 percent appraisal rate with new designed well for the largest discovery in more than a decade 126 million barrels of oil.

    These prices are gone the stock is heavily oversold and undervalued when the upside is so large on appraisal. Will keep running for that reason. It’s at a 230 million market cap with 40 million in the bank and as cheap as O&G players that have nothing and less money
    Last edited by Roch2077: 14/12/22
 
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