Its a combination of where the share price is currently priced at and market expectations. If this was an exploration well May was at 3 or 4 c and they logged these results would have been a boom event to 10c.
Market was told this was an appraisal/flow test drilling campaign at A2 share price ran to 10.5c and AP didn't deliver a flow hence 7c ? hence slump justified
MAY Price at posting:
6.9¢ Sentiment: Hold Disclosure: Held
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