With upside $1.40 and low side $0.70 and we are only couple weeks away from appraisal which should have been done 12 months ago before old well issues started but now with discovery already done, oil spilling to surface already and 90 percent geological success rate leading to commercialisation which production starts at end of March this should be trading at 15-20 cents right now as fair value.
Severely undervalued and will rerate there just traders trying to make a pip but it’s rerate time now
The Melbana Energy Limited $0.86/share Party, page-7
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Last
2.3¢ |
Change
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Mkt cap ! $77.51M | |||
| Open | High | Low | Value | Volume |
| 2.4¢ | 2.4¢ | 2.3¢ | $37.36K | 1.616M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 2453145 | 2.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.4¢ | 2010466 | 8 |
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| MAY (ASX) Chart |