MAY 4.35% 2.2¢ melbana energy limited

May Chart, page-4743

  1. 10,189 Posts.
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    You can’t be serious. You can’t put the numbers together can you.

    126 million barrels of oil. Is equivalent to 1.5 billion market cap

    You should do some research if your going to follow posters when to sell because they tell you now is the time to buy and sell just like 7 cents. That’s great if fundamentals haven’t changed yes do that. But fundamentals have changed as they go back to the well where the oil was discovered and the “independent research assessment” is back on as permits ticked off and construction has started.

    The “independent assessment” puts Alameda at a 1.5 billion market cap with a 90 percent appraisal with the new designed well targeting a larger appraisal over 3 zones in coming weeks

    It’s running and do some fundamental analysis rather than following lines which if there is no news coming works well not when company is back on track from a 12 month delay. Hence why it is returning back to 15-20 cents fair value with upside of 50 cents.
    Last edited by Roch2077: 17/12/22
 
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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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