I see 4 separate narratives at work - that serve to create a bit of confusion / hesitancy:
1) the progress / resource estimates of individual reservoirs - of which there are several
2) the strategy as to what to focus on given those comparative numbers - and when production could start on any one of those reservoirs
3) the possibility of even better numbers coming from deeper reservoirs - and the switch in strategy this would create
4) the task of actually bringing any meaningful production on line - pipelines, refineries, various infrastructure...
As investors, it's hard to know what are the key catalysts for a SP move.
But as every successive piece of news is released MAY will move from being 'interesting' to it being 'massive FOMO'?
And then it will go parabolic.
I see 4 separate narratives at work - that serve to create a bit...
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Last
5.3¢ |
Change
0.003(6.00%) |
Mkt cap ! $178.6M | |||
| Open | High | Low | Value | Volume |
| 5.4¢ | 5.4¢ | 5.0¢ | $154.8K | 2.985M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 100000 | 5.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.3¢ | 113206 | 1 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
5.3¢ |
Change
0.003 ( 4.33 %) |
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| Open | High | Low | Volume | ||
| 5.4¢ | 5.4¢ | 5.0¢ | 1347067 | ||
| Last updated 15.56pm 03/05/2024 ? | |||||
| MAY (ASX) Chart |