because once the first well oil was discovered but was structurally damaged on appraisal and couldn’t get a result. Shareholders knew it was a 12 month wait hence it was sold off. Money doesn't wait and even a 30 day delay send stocks 30-40 percent down in a day. CXO is a clear example when it was $1.50 it was delayed by an extra month and was sold to $1 and then recovered back to $1.50 a month later. IVZ another easy example delayed by 12-18 days. 12 bloody days and market sold it off 30 percent in a day and recovered back above original price a week later before another delay
Same thing happening now to MAY stock sold off due to delay and accumulated and now the same well, better designed and positioned, team has better understanding what went wrong, prepared all the trucks, tanks and infrastructure already for production and this is now returning to all time highs and beyond
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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($) | Vol. | No. |
---|---|---|
2.3¢ | 1402823 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 650000 | 0.022 |
21 | 2312018 | 0.021 |
29 | 4624745 | 0.020 |
11 | 1388627 | 0.019 |
3 | 535055 | 0.018 |
Price($) | Vol. | No. |
---|---|---|
0.023 | 1311657 | 4 |
0.024 | 3142174 | 9 |
0.025 | 3859683 | 6 |
0.026 | 326965 | 4 |
0.027 | 2632940 | 7 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
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MAY (ASX) Chart |