ASX:MAY Bearish Analysis, page-3

Ol' Feral would like AP to be more aggressive he's saying he clams up and says nothing too conservative when the news is bad hence why he went quiet on Zapato and the end of Alameda for a bit. He's worried he hasn't got enough of the mongrel about him to get this company on the radar properly. I guess we are about to see whether he's a visionary like Twiggy
leading his shareholders to
the promised land or not. Feral's never been one to be conservative unfortunately plenty of the mongrel about him. Drive back through a long McDonald's drive through just because a poor young'un didn't do his job properly even with his kids begging him just to let it go, to give them a tune up and some words of encouragement to do their job properly next time. Many many more examples far worse than that. Stoush over a parking spot with a rather large individual waiting for him to get back to his sports car just to get in and let him hang on to the window to yell out run fat boy run.

Hopefully AP's got a bit more of the salesman about him soon because right now the market still has May undervalued by at least 3 fold with what it currently has on the table 50mmbo $25AUD $1.25bn and that's conservative.

Apparently the oldest and truest rule of thumb for the oil industry is oil reserves in the ground are worth 1/3rd the current market value if that was true $95.52 USD for West Texas Intermediate. So $31.82 USD per barrel then that's $1.59 bn USD, $2.296 bn AUD and you sold at what? A market cap $280m AUD.

Not too late to re-jump aboard admit the error of your ways Marti level just changes all those numbers above upwards. Production plan and some commentary that may be in the quarterly starts to crystallise what's coming for the big end of town maybe...