“every oil exploration play i have ever seen” approaching options expiry comes under extremely strong headwinds….this is not a phenomenon specific to MAY, yet I’m always surprised at investors disbelief in the weak sp of a company with options close to expiry, it literally always plays out exactly like we are seeing. This is one reason that options are a bit of a pet hate of mine and why I very very rarely invest via options. As we get closer to expiry date this pressure will get stronger….but the great thing is it’s almost over, less than 2 weeks. Once Sept 10th is in the rear view mirror we should see a nice bounce back….regardless of Zapato outcome, what we have already uncovered at A-1 is worth at least a few multiples of the current sp but will take some time and patience to extract that value.
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Last
3.0¢ |
Change
-0.002(6.25%) |
Mkt cap ! $101.1M |
Open | High | Low | Value | Volume |
3.1¢ | 3.1¢ | 2.8¢ | $248.3K | 8.453M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 750509 | 2.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.0¢ | 24364 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 750509 | 0.029 |
30 | 3863778 | 0.028 |
13 | 1504803 | 0.027 |
6 | 1463577 | 0.026 |
13 | 1042000 | 0.025 |
Price($) | Vol. | No. |
---|---|---|
0.030 | 24364 | 1 |
0.031 | 560521 | 8 |
0.032 | 865191 | 7 |
0.033 | 1836635 | 5 |
0.034 | 800000 | 4 |
Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
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