Every stock that is on the way up has corrections along the way as it consolidates its gains, these correction have happened numerous time since MAY started its bull run from 2.2c to the recent high of 21.5c and will continue to do so as MAY'S value continues to rise. Over the next few weeks we will be getting logging test results and flow test results which will should be exceptional with what we have seen so far, all the expert posters indicate that should be the case. IMO it appears that the Alameda well should have a combined 350-500 million barrels of Prospective Resource from all 3 oil structures, MAY's share will be 30% of that 105-150 million barrels. Its also likely that MAY in several weeks will be an oil producer maybe even sooner with the Alameda well producing at least 10,000 bopd, flow test will confirm this. In six months down the track MAY could have 5-10 producing wells at 50,000bopd. At these current levels they are ridiculously cheap and months later we will be saying we should have bought more.
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Last
2.4¢ |
Change
0.001(4.35%) |
Mkt cap ! $80.88M |
Open | High | Low | Value | Volume |
2.4¢ | 2.4¢ | 2.3¢ | $68.51K | 2.960M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 338720 | 2.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.4¢ | 2244796 | 10 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 338720 | 0.023 |
19 | 6368773 | 0.022 |
21 | 2118175 | 0.021 |
23 | 5412776 | 0.020 |
8 | 961198 | 0.019 |
Price($) | Vol. | No. |
---|---|---|
0.024 | 2244796 | 10 |
0.025 | 900000 | 2 |
0.026 | 2393955 | 9 |
0.027 | 1126611 | 3 |
0.028 | 1562711 | 10 |
Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
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MAY (ASX) Chart |