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Ann: Block 9 - Maiden Contingent Resources, page-241

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Trumpster101

831 Posts.

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31/03/24

18:23

Post #: 73131207
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Originally posted by rivermore: ↑

I think it’s because of the epic financial squeeze being applied by Sonangol. Look at MAY’s half yearly report. Page 9 makes it clear what the problem with the JV is. Especially relevant is that Sonangol were supposed to pay 100% of first 2 wells. They appear to have short paid $10m last financial year and another $10m so far to end of December. I’m guessing AP hopes to recover the shortfall from oil sales but MAY will be in a severe financial state by now. I hope I’m wrong but it explains the market disinterest. Not news the fan boys will want to hear but wilful blindness is well known to end up in financial disaster.
DYOR

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well crafted crap mate. Hope your parents are proud.nothing like having an off spring doing its best to screw over others.

MAY Price at posting: 6.2¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 7.0¢		Change 0.000(0.00%)		Mkt cap ! $235.9M

Open	High	Low	Value	Volume
7.0¢	7.2¢	6.9¢	$295.8K	4.183M

Buyers (Bids)

No.	Vol.	Price($)
2	311727	7.0¢

Sellers (Offers)

Price($)	Vol.	No.
7.1¢	2459	1

View Market Depth

No.	Vol.	Price($)
2	311727	0.070
6	919644	0.069
3	799999	0.068
5	664500	0.067
3	1641296	0.066

Price($)	Vol.	No.
0.071	2459	1
0.072	30000	1
0.073	1080610	6
0.074	250000	1
0.075	687871	6

Last trade - 16.10pm 13/06/2024 (20 minute delay)


Last 7.1¢			Change 0.000 ( 0.57 %)
Open	High		Low	Volume
7.1¢	7.2¢		6.9¢	1350079
Last updated 15.56pm 13/06/2024 ?

MAY (ASX) Chart