MAY won’t move enough heavy oil at A3 because it’s too heavy relative to any pressure gradient that exists.
Why is this a problem? It’s a problem because Cuba oil won’t support MAY’s ASX listing.
What will happen, MAY will tap shareholders for more funds to support board and executive lifestyles.
Cuba oil is best left to Cubans who recover heavy oil very cheaply for the local generator market.
Alameda-3, page-221
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Last
3.5¢ |
Change
0.002(6.06%) |
Mkt cap ! $117.9M | |||
| Open | High | Low | Value | Volume |
| 3.3¢ | 3.6¢ | 3.3¢ | $577.5K | 16.92M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 1018559 | 3.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.5¢ | 1521853 | 6 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| MAY (ASX) Chart |