When the options expired out of the money I had a suspicion this was on the way and that's why I sold out to preserve my capital.
Don't forget there is also a loan at pretty solid interest rates the company needs to cover. I can't remember the specifics, someone more enlightened please elaborate?
All the activities that MAY want to pursue will cost money - also you don't want to end up in a position where the company ends up with no cash in the bank and potential farmin partners decide to wait a while because they will be able to swoop on you for cents in the dollar rather than sign a deal that costs them more.
It sucks but it seems to be the rinse and repeat cycle that MAY is stuck in until they have a confirmed drill date to work towards.
Ann: Trading Halt, page-22
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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 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| MAY (ASX) Chart |