When you look at the current energy markets and the large size of the resource compared to many coal seam gas reserves around the world it is evident that TMK is extremely undervalued. This is the case with just the exploration area alone. There is still a huge area in the basin that remains unexplored so the total resource size should continue to improve drastically.
When more people get wind of this opportunity and exploration wraps up, pilot wells should commence and if these are successful then it will for sure create a lot interest in the company.
There is also the Petro-china takeover possibility, and if the price continues to push up on all this good news and Petro-china is sure that the resource is very prospective then they will have to be willing to pay more on top of the already flourishing share price.
10c is my target too, and we can only speculate at the moment but I think around the end of this year we will be able to get a better grasp on where things will go. All IMO price is difficult to try and cover but I'm expecting a very exciting short and long term future. Maybe 10c sometime next year?
The future will always surprise us however. I'm expecting a pleasant one!
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Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $20.73M |
Open | High | Low | Value | Volume |
0.4¢ | 0.4¢ | 0.3¢ | $20.71K | 6.725M |
Buyers (Bids)
No. | Vol. | Price($) |
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33 | 62699795 | 0.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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0.4¢ | 93725563 | 42 |
View Market Depth
No. | Vol. | Price($) |
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33 | 62699795 | 0.003 |
14 | 28455000 | 0.002 |
10 | 63700999 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
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0.004 | 93418663 | 41 |
0.005 | 12492157 | 15 |
0.006 | 3200738 | 5 |
0.007 | 16597080 | 5 |
0.008 | 3037095 | 5 |
Last trade - 14.31pm 12/06/2024 (20 minute delay) ? |
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Last
0.4¢ |
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Change
0.000 ( 16.7 %) |
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Open | High | Low | Volume | ||
0.3¢ | 0.4¢ | 0.3¢ | 585000 | ||
Last updated 14.09pm 12/06/2024 ? |
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