Share price action this morning was totally predictable. I mentioned yesterday there would be just a sugar hit to the SP based only on oil indications or shows (see Trading Halt thread at 10.39am 31/01) and that is exactly what happened. The current bid is just one tenth of a cent higher than the previous close.
Of course I put my money where my mouth is and traded accordingly. Sold some MAY at 2.7c and MAYO at 1c and bought back in lower down. Yeah it was only a couple of grand but it all adds up.
To get above 3c we need to see the resource assessment update promised for early Feb and a forward drilling campaign detailing a third well with reference to when and how much.
Otherwise just more sugar hits for traders like me to make a fast buck.
Ann: Drilling update at Alameda-1 - Strong oil shows, page-51
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Last
2.3¢ |
Change
0.002(9.52%) |
Mkt cap ! $77.51M | |||
| Open | High | Low | Value | Volume |
| 2.2¢ | 2.3¢ | 2.2¢ | $83.23K | 3.644M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 310691 | 2.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.4¢ | 3542587 | 7 |
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| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| MAY (ASX) Chart |