If you think this has been an interesting ride... just wait until the flow test proves the prospective resources to be true.
People might not understand this, because it is very rare, but when a NPV10 gets handed down for a proven resource, the share price likely reacts like it has never reacted before, why? because institutions will then take notice. Why? because they don't like speculation they only like guarantees and undervalued stocks, with low risk, and once the NPV10 gets declared after a successful flow test, it will be both low risk and highly undervalued in my opinion.
Even if you are not in this stock, this will be an educational experience for you and worth your time following the events.
I have only been in a few discoveries during my tenure in trading, it is a rare event.
edit: And just to be clear.... I believe this flow test will allow the company to officially declare its discovery in a formal way according to the ASX listing rules, so I expect an announcement to have the word "discovery" in the title somewhere in 2023, in my opinion.
- Forums
- ASX - By Stock
- MAY
- May Chart
May Chart, page-5721
-
- There are more pages in this discussion • 7,173 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MAY (ASX) to my watchlist
(20min delay)
|
|||||
Last
2.2¢ |
Change
0.002(10.0%) |
Mkt cap ! $74.14M |
Open | High | Low | Value | Volume |
2.1¢ | 2.2¢ | 2.1¢ | $84.79K | 4.027M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 1397391 | 2.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.2¢ | 1251398 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 1397391 | 0.021 |
32 | 5574419 | 0.020 |
10 | 1545920 | 0.019 |
3 | 358730 | 0.018 |
4 | 3080355 | 0.017 |
Price($) | Vol. | No. |
---|---|---|
0.022 | 1251398 | 8 |
0.023 | 2300000 | 5 |
0.024 | 2635742 | 8 |
0.025 | 1266441 | 5 |
0.026 | 715955 | 4 |
Last trade - 16.10pm 12/08/2024 (20 minute delay) ? |
Featured News
MAY (ASX) Chart |