"Last28.0¢Change-0.005(1.75%)Mkt cap !$246.1M"Spreading...

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12/12/22

23:17

Post #: 65285087
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Originally posted by Roch2077: ↑
Go sell because I’ll post it again why this is flying tomorrow as well:

The following two companies right now from their appraisals are as follows. Both have proven movable hydrocarbons and recently went through an appraisal

STX - 42 million barrels appeased at a 700 million market cap
WGO - 32 million barrels appraised at a 360 million market cap

Neither STX or WGO are producers

With the discovery already called for MAY you have 388 million barrels of oil being appraised of which 126 million is owned 100 percent by MAY. From Alameda alone you have 1.8 billion barrels of oil. That puts it north if $1.5 billion dollar market cap (north of 50 cents).

Same time of appraisal the company has already prepared all the trucks, tankers and infrastructure last month in November to prepare the flow of oil in March to begin producing

Share price targets for MAY are as follows and the reason this will continue running

1. 9 cents makes this a 300 million market cap still undervalued. Same market cap as IVZ
2. 12 cents a 400 million market cap still heavily undervalued aprox same price as WGO with a much larger resource, infrastructure all in place and production
3. 18 cents makes this a 600 million market cap and this was close to all time high

This will continue to rerate as it’s pricing in 126 million barrels of oil
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"
Last
28.0¢ Change
-0.005(1.75%) Mkt cap !$246.1M
"
Spreading misinformation again?
"1. 9 cents makes this a 300 million market cap still undervalued. Same market cap as IVZ"
ASIC - This is the guy

MAY Price at posting: 6.5¢ Sentiment: Hold Disclosure: Held
3 Upvote

0 Great analysis

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(20min delay)
Last 5.6¢		Change 0.008(16.7%)		Mkt cap ! $178.6M

Open	High	Low	Value	Volume
4.9¢	5.6¢	4.9¢	$403.7K	7.584M

Buyers (Bids)

No.	Vol.	Price($)
2	9616	5.5¢

Sellers (Offers)

Price($)	Vol.	No.
5.6¢	666110	7

View Market Depth

No.	Vol.	Price($)
2	9616	0.055
5	388195	0.054
3	600000	0.053
5	615000	0.052
3	639430	0.051

Price($)	Vol.	No.
0.056	666110	7
0.057	687894	3
0.058	215000	2
0.059	350000	2
0.060	589500	3

Last trade - 13.08pm 26/06/2024 (20 minute delay)

MAY (ASX) Chart

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