AV...you are assuming that MAY will be paid in $US for say the total 5000bls/day in potential production.
This sounds a lot better than the actual what is at stake here....Assuming you are correct and that MAY's share becomes the 30% entitlement 1500bbls/day... in regard to actual income, that will clearly have the potential to impact any share price movement.
If you do the potential turnover/net numbers based on the above potential share at say 1500bls/day net to MAY you will have a hard time, based on any say potential industry based net EBIT basis, coming up with a share price at much more than current level...
After all there are over 3,000,000,000 shares on issue...
Cheers
MAY Price at posting:
6.3¢ Sentiment: Hold Disclosure: Held
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