It was never about knocking MAY but with these type of share's it has to be your buy in price to whether you are going to make any money from them or not. Buying at any price as the share is supposedly going to 50c is fraught with danger as there really is no guarantees of production success. One only has to do some research with Sherritt's block 10 to see that anything can happen. They had good oil show's initially in their upper layers etc but when it came to flow test was deemed not commercial.
Way more comfortable with a purchase of the stock in the 5 or 6s then the 9 or 10s at this stage of this appraisal campaign etc
MAY Price at posting:
7.8¢ Sentiment: Buy Disclosure: Held
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