While i have been sitting back waiting for the dust to settle after the 17 Jun update on Marti, i have been reading many posts with some bemusement and astonishment. From rampers to doomers to crystal ball readers, they have all come out of the woodwork in the last week. The facts are black and white as are the numbers. Since the announcement and over last four trading days only approximately only 3% of total holdings on register have been traded. Many on these forums talk about the market dynamics, well if that's the case 97% of holdings are not for sale! This tells me that the recent panic selling on no flow are from the traders, gamblers and weak hands (some may have unfortunately set stop losses). The majority of holders are waiting for the dust to settle before making the next move. The announcement is clear in its statement and there is nothing conspiratorial in its nature, no crystal ball gazing required. Upper column will be tested and a work through of Marti in progress. Yes the oil did not flow from 3800, but pressure and natural fracture are there as they are in the upper sheets. Time for everyone to take a breath, see the announcement with clarity and wait for commercialisation of multiple wells. As a long term investor in MAY i think we are closer than ever, and yes it has been a long grind, but that is what the O&G space is all about. If your after a quick buck maybe Gamestop is more your style.....................ONWARDS AND UPWARDS COMRADES!
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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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