trying to explain the price action of the stock on the day and few days after.
I think RZ's commentary with the words "preliminary farmout agreement " is the reason the stock price did not go north further.
what's the difference between a preliminary farmout agreement and a final agreement? does it mean parties can walk away without financial consequences? does it mean MAY can walk away and accept a better offer from another party? price will rocket if we get a concrete agreement, not some half arse cheap talk.
The word preliminary makes me believe April 2019 is more realistic.
Ann: Cuba update, page-28
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Last
2.5¢ |
Change
-0.001(3.85%) |
Mkt cap ! $84.25M | |||
| Open | High | Low | Value | Volume |
| 2.6¢ | 2.6¢ | 2.5¢ | $7.12K | 279.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 1819164 | 2.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.6¢ | 1053656 | 5 |
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| Last trade - 11.03am 18/07/2024 (20 minute delay) ? |
| MAY (ASX) Chart |