MAY 3.23% 3.0¢ melbana energy limited

It doesn’t deserve to pulled apart japsara as there is no...

  1. 579 Posts.
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    It doesn’t deserve to pulled apart japsara as there is no ramping there,

    Of course it is based on success , but if we do not believe it will succeed, why the hell are we here ! 

    You have erred on the highest caution and used the very lowest extraction figures for all 3 prospects in your calcs , when a mid P50 is far more likely and would at least double your numbers..  .. these have all been independently varified as well by a Cuban reservoir experienced third party, so anyone calling your potential numbers of the reservoirs in question is clearly wishing to be obtrusive IMo.

    So you have used the absolute lowest ( you bear you ) in A range of professionally third party vindicated extraction figures, you have assigned absolute Zero value to anything else in our portfolio ,  ( Santa Cruz, Beehive. Tassie shoals Nz, Vulcan ). you have also added a further  +25% shares for likely future raises into the dilution pot and yet the figures still come up with nearly 8c a share on a binding deal and if we were successful in our plans  , which again I agree we will be or I Wouldn’t be here ...

    I would be very interested to see if anyone did pull your numbers apart and their reasoning why they are not correct..

    100% agree.....undervalued acutely..

    oh and throw in a potential dual list into the fray as well...




    Last edited by Spitfire: 10/10/18
 
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