Yea 100%, people should make money however they can. Obviously range trading worked recently. But I feel people are insinuating AP is dishonest/unreliable on the basis that the rig got delayed...
And I agree, if this flows, in any of the 6 zones, the stock is north of here by multiples on the basis that if Amistad-2 works, then nearology derisks the remaining structures in the block (for zone being tested only).
But if it doesn't, despite the fact there are still 5 other zones to be tested, I think SP will take a beat down.
Flow and operational success of the well are the important factors in my mind. And no one will know any of these outcomes until they occur. Just mind games for short termers until then in my opinion.
Yea 100%, people should make money however they can. Obviously...
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Last
4.1¢ |
Change
-0.002(4.65%) |
Mkt cap ! $138.1M | |||
| Open | High | Low | Value | Volume |
| 4.2¢ | 4.3¢ | 4.1¢ | $184.4K | 4.395M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 946604 | 4.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.2¢ | 250000 | 1 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| MAY (ASX) Chart |