@SIRJO
Share on issue by itself is not really meaningful. What matters is Market Cap - MC = SOI x SP
I don't care that MAY has 1 billion or 3 billion SOI - I care that it is valued at $180mill.
I use the MC and revenue projection to determine where MAY can go from here.
If I believe MAY can only generate $1mill per year in rev - then it is way overvalued at an MC of $180mill.
If I believe MAY can generate $200 mill per year in rev - then it is way undervalued!
At 20,000 barrels of oil per day Block 9 can generate $2 million per day - which is $700 mill per year. MAY gets a % of that. So what MC does that support in your opinion?
That's what matters right there!
Ann: Operations Update - Block 9, page-236
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Last
2.1¢ |
Change
-0.001(4.55%) |
Mkt cap ! $74.14M | |||
| Open | High | Low | Value | Volume |
| 2.1¢ | 2.2¢ | 2.1¢ | $3.078K | 145.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 647838 | 2.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.2¢ | 1268827 | 8 |
View Market Depth
| Last trade - 11.54am 06/09/2024 (20 minute delay) ? |
| MAY (ASX) Chart |