When the options expired out of the money I had a suspicion this was on the way and that's why I sold out to preserve my capital.
Don't forget there is also a loan at pretty solid interest rates the company needs to cover. I can't remember the specifics, someone more enlightened please elaborate?
All the activities that MAY want to pursue will cost money - also you don't want to end up in a position where the company ends up with no cash in the bank and potential farmin partners decide to wait a while because they will be able to swoop on you for cents in the dollar rather than sign a deal that costs them more.
It sucks but it seems to be the rinse and repeat cycle that MAY is stuck in until they have a confirmed drill date to work towards.
Ann: Trading Halt, page-22
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Last
3.2¢ |
Change
0.003(10.3%) |
Mkt cap ! $107.8M | |||
| Open | High | Low | Value | Volume |
| 2.9¢ | 3.2¢ | 2.9¢ | $182.4K | 5.982M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 534562 | 3.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.3¢ | 1235000 | 3 |
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| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| MAY (ASX) Chart |