Hi Brightoil, I share your sentiment that MAY is a 'screaming' buy, but I don't think MAY are focused right now on propping up the SP by bringing in day traders. I'm sure AP takes a longer term view on MAY than a day trader.
EOFY selling might be one reason why the SP is depressed, or the current choir might be maxxed out of funds to put into MAY, or selling shares to convert the options.
Whatever the case, come October or November, the options will be converted/expired, we will have a bigger idea on resource volumes at Alameda, Zapato might also come good, and we may possibly have production at Amistad, By that time hopefully, there may be a scramble amongst instos to take a slice of the MAY pie at record oil prices and the only remaining way to take a position is to buy shares on market. My view is that new money is needed to come in and push this higher, which I'm sure will be a piece of cake upon good flow rates and cheap wells
Andrew Purcell Latest Podcast, page-8
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Last
6.9¢ |
Change
-0.001(1.43%) |
Mkt cap ! $232.5M | |||
| Open | High | Low | Value | Volume |
| 7.0¢ | 7.0¢ | 6.8¢ | $275.1K | 3.983M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 289170 | 6.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 7.0¢ | 560000 | 2 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
6.9¢ |
Change
-0.001 ( 1.85 %) |
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| Open | High | Low | Volume | ||
| 7.0¢ | 7.0¢ | 6.8¢ | 2492935 | ||
| Last updated 15.59pm 14/06/2024 ? | |||||
| MAY (ASX) Chart |