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5.26%

3.6¢ melbana energy limited

Stockheed in article today is pretty bullish on SP doubling in...

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avthold04

1,309 Posts.

243

08/03/22

12:30

Post #: 60056507
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Originally posted by lostandfound: ↑

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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Stockheed in article today is pretty bullish on SP doubling in the short term

So if that comes in, then the share price appreciation we’ve already seen — I think it’s up about three times already since the well started — It’ll probably double and possibly even double again from here.”

https://unauthorised investment advice/energy/forwood-thinking-lowell-resources-funds-john-forwood-says-energy-and-gold-are-the-markets-to-play-in-these-turbulent-times/

MAY Price at posting: 11.8¢ Sentiment: Buy Disclosure: Held
7 Upvote

1 Great analysis

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(20min delay)
Last 3.6¢		Change -0.002(5.26%)		Mkt cap ! $121.3M

Open	High	Low	Value	Volume
3.6¢	3.7¢	3.6¢	$9.841K	271.3K

Buyers (Bids)

No.	Vol.	Price($)
3	82400	3.6¢

Sellers (Offers)

Price($)	Vol.	No.
3.7¢	191048	4

View Market Depth

No.	Vol.	Price($)
4	110177	0.036
7	830395	0.035
9	844374	0.034
6	1767551	0.033
1	300000	0.032

Price($)	Vol.	No.
0.037	191048	4
0.038	810227	7
0.039	1698060	6
0.040	954244	6
0.041	465955	4

Last trade - 11.47am 04/10/2024 (20 minute delay)

MAY (ASX) Chart