May Chart, page-2805

Simple answer, the reasons are many because Oil is sh*t on the nose all round atm.
Plus AP and MAY management are behaving exactly like when this company was called MEO. That is treating shareholders like mushrooms again, it seems, with all this very irregular information.
Previous MEO investors have long memories and have many friends that know the long dark mushroom history and the BS that was fed at that time.

Forget about technicals, charts and charting.
Fundamentals are all that really counts in MEO burnt investor eyes and to the well researched market investors who do not turn a blind eye to company history and are wary of being fooled again.
When a company is actively drilling and has such a horrid (MEO) history and actually has to change the company name to save face, shareholder trust takes more than a mint to get back.


Even though there seems to have been some recent drilling "success" the actual money is not in the bag/pocket yet and the current lack of more regular info no matter how small or trivial reminds many and reeks of previous MEO management or should I say mismanagement when many lost that mint and are very wary of this current deja vu feeling and of being tempted to take that risk again.