@princey37 As I posted here: 65310945, to you, the estimation of valuation has stages, e.g 20%, 25% etc. each stage reduces risk. If you understood the estimation of valuation that I linked to you, you would agree that it very clearly shows that with each stage of discovery, risk is reduced, and because of this, value increases.
Another reason why it is trading so low, is possibly because of the Zapato-1 drill which failed to find a commercial supply of hydrocarbons (which was drilled after Alameda). Since it was suspended on "27 Oct 2022" as announced here: https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02589131-3A605694?access_token=83ff96335c2d45a094df02a206a39ff4 traders like you who are "not up on the fundamentals of MAY" and trade like sheep due to the share price going downwards (technicals) possibly oversold.
@princey37 As I posted here: 65310945, to you, the estimation of...
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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 |