I have comed to the conclusion that the stock is manipulated and capped.
30 billion barrel oil in place, an Alameda 1 and 3 oil squirter, 40thousand barrels per day and 1 billion potential sounds more to me a manipulated stock price of 5.8c. With all retail mum and dad and geezers holding for 10plus years its easy to fool this/us lot.
Hell one negativec post and jitters abound.
Imo from monday the share dynamics will change. The way to play this one is:
Day trade and gain 5% but miss long term 200% rise
sell at news release at 50% gain and hope to buy back at par
or buy and hold long for 600% return when oil producing.
Remember when oil produced and income generating the institutions come in so may not drop back.
The only thing tripping me up is if AP told lies and the oil disappeared on the appraisal drill.
I have comed to the conclusion that the stock is manipulated and...
Add MAY (ASX) to my watchlist
 (20min delay)
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Last
5.8¢ |
Change
-0.001(1.69%) |
Mkt cap ! $195.4M | |||
| Open | High | Low | Value | Volume |
| 5.7¢ | 5.8¢ | 5.7¢ | $227.2K | 3.960M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 482500 | 5.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.8¢ | 120619 | 1 |
View Market Depth
| Last trade - 16.10pm 26/04/2024 (20 minute delay) ? |
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Last
5.8¢ |
Change
-0.001 ( 2.54 %) |
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| Open | High | Low | Volume | ||
| 5.8¢ | 5.9¢ | 5.7¢ | 1432145 | ||
| Last updated 15.59pm 26/04/2024 ? | |||||
| MAY (ASX) Chart |