Sweetsound it’s coming and the flow of funds will keep pushing this higher. Yes fair value is 15-20 cents right no, will get there but when something is this oversold traders profit for a penny. The company is rerating and it’s absolutely just stupid you got IVZ being predicted to be a 700 million market cap if discovery is announced when MAY has a significantly higher oil resource and discovery already made. 6-12 months ahead in discovery and 3-4 years ahead in production.
This will rerate as 126 million barrels being appraised with a 90 percent commercial success rate makes it the biggest appraisal of oil in more than a decade at a bloody high success rate. 200 million market cap is piss all with 40 million in the bank.
May Chart, page-5173
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Last
2.2¢ |
Change
-0.001(4.35%) |
Mkt cap ! $74.14M | |||
| Open | High | Low | Value | Volume |
| 2.4¢ | 2.4¢ | 2.1¢ | $444.7K | 19.98M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 2048367 | 2.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.3¢ | 1402823 | 5 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| MAY (ASX) Chart |