MAY 3.23% 3.0¢ melbana energy limited

2020 - 15 months.....by that time we'll have had a minimum of 2...

  1. 5,015 Posts.
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    2020 - 15 months.....by that time we'll have had a minimum of 2 wells drilled in Block 9, a 3rd only months away and possibly a revenue stream from Santa Cruz....more than happy to wait a year or so if it means Total/Santos take up the option to drill as that'd be incredibly bullish.....GAME ON indeed!!! The market has missed the valuation of the Cuba deal, i put the SP mid 3's on a 50% discounted risk basis for the LOI, once a binding agreement is signed this becomes 7 - 8c for a heavily discounted risk valuation on Block 9 alone. Trouble is the SP has been put into a choke hold and manipulated to breaking point, that it's scared off most potential new investor's and rattled quite a few out of the tree too.....however, a big rerate is coming once the market wakes up to what's lining up here and can see through the "funny buggers" going on with the SP.
 
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Mkt cap ! $94.36M
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3.0¢ 3.0¢ 2.9¢ $98.24K 3.284M

Buyers (Bids)

No. Vol. Price($)
1 86990 3.0¢
 

Sellers (Offers)

Price($) Vol. No.
3.1¢ 181225 2
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Last trade - 16.10pm 18/11/2024 (20 minute delay) ?
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