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.
Share price action this morning was totally predictable. I...
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Last
3.5¢ |
Change
0.002(6.06%) |
Mkt cap ! $117.9M | |||
| Open | High | Low | Value | Volume |
| 3.3¢ | 3.6¢ | 3.3¢ | $577.5K | 16.92M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 1018559 | 3.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.5¢ | 1521853 | 6 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| MAY (ASX) Chart |