ASX:MAY 2024 Discussion Thread

We can have general ASX:MAY chat here.

Soon, we will get the independent certifier report, which will likely increase the prospective oil in place, in ~February 2024, this upgrade will occur due to what was just logged in Alameda-2 ± A-3's unit 3 DST. Then we will make a new updated thread.
source: https://www.youtube.com/watch?v=PgiDUa9YwhM adapted from

https://www.youtube.com/watch?v=GlZmSIP5rz4

A sniff of an off-take, investment bank deal, or takeover negotiations, and this will be off to the races. This could be ASX:MAY's year.

The bottom line is, we have been waiting to appraise the energetic oil zones e.g Marti/Alameda since early 2022. Us long term investors know that the Alameda/Marti reservoirs are the "main game" (as quoted by the Executive Chairman of ASX:MAY, Andrew Purcell).

Andrew Purcell (Executive Chairman of ASX:MAY): "this whole upper interval this whole Amistad interval is icing on the cake for us, it's not the main game, we're in Block 9, our ideas are, look for deeper lighter crude using the intellectual ability of our geoscience team and their understanding of this formation in Cuba and that's the main game..." source:

https://youtu.be/HpyVtkMhM6w?si=B6uzvjKN28NKshTK
Previous to drilling in 2021, they had always believed the deeper sections were more valuable (bigger etc [according to 2d seismic]).

According to the Chinese Zodiac for 2024, "the dragon represents authority, prosperity, and good fortune" source: https://timesofindia.indiatimes.com/astrology/vastu-feng-shui/chinese-horoscope-2024-the-year-of-wood-dragon-check-all-zodiac-signs/articleshow/105550670.cms The year of the dragon... what better way to welcome the Alameda/Marti appraisal. Out of the twelve year cycle of the zodiac, the Dragon is the 5th best for stock market returns according to, Liyu, Wang (2020). -source: https://wkuwire.org/bitstream/20.500.12540/619/1/wku_etd001_cbpm01_000547.pdf Fun fact... they also have different types of animals each year:
The last time there was a "wooden dragon" was 1964, that year the S&P500 went through all time highs:

source: https://www.macrotrends.net/2324/sp-500-historical-chart-data



source:https://www.google.com/finance?client=firefox-b-d&sa=X&ved=2ahUKEwi9nezSnLyDAxXPh68BHbYrC48Q6M8CegQIJBAI

It looks like similar to the last time there was a "wooden dragon" (1964), the S&P500 will once again go through all time highs.. coincidence? Do I believe in the zodiacs? No, I also don't believe in discretionary technical analysis, but I do research it nonetheless, because I know others do believe it and sometimes those people do buy and sell.