MAY 4.65% 4.1¢ melbana energy limited

MAY Train on track to 17 cents - stopping at 14.5 then express- Stand Clear Please - This Train is Departing

  1. 338 Posts.
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    Hi all Holders.

    Below is my final estimate based on our first drilling campaign in Cuba

    17 cents makes MAY's market cap about 485millI

    Totally agree 17cents off the next positive announcement for our current drilling. (No Brainer imho)

    But
    Its going to take a brave person after 17 cents in this time we live in to justify above 17 cents just on our current drill to where MAY's price is headed in the short term. (4weeks)

    But if
    We rerate the size of this first discovery and start drilling number 2 with positive results off we go again.

    Just my opinion based on 12 years of research. DYOR
 
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Last trade - 16.10pm 21/06/2024 (20 minute delay) ?
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