You pretty much answered your own Question ...why so heavily discounted? ... other reasons I could add is
>> Show me the money ..
.till FCF is flowing into MAYs bank acc .. I think many will sit on the sidelines esp when will have such a fearful market ...Bank term deposits now pay decent safe 5%+ returns ..wholesale punter rates near double that for a bit more risk ..
Bit harder to sell MAY shares to punters when WW3 could kick off etc ..
Personally, I like the RISK reward here esp as MAY has shown in the latest Qty they aren't wasting capital ..and won't need to raise till next year IMHO
Ann: Quarterly Activities Report and Appendix 5B, page-8
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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 |