Looks to me like no-one is interested in Otto's non operated assets with no planned development/upside by the operators.
The operators, knowing this, are waiting it out for Otto to accept a very low price.
Any offer from a 3rd party (probably low ball) might force their hand sooner.
Ann: H1 FY24 Results and Half Year Report, page-16
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Last
1.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $57.54M | |||
| Open | High | Low | Value | Volume |
| 1.1¢ | 1.2¢ | 1.1¢ | $32.23K | 2.854M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 8559810 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 6682020 | 6 |
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| Last trade - 10.19am 06/06/2024 (20 minute delay) ? |
| OEL (ASX) Chart |