As someone who has built a position in this stock over the past few months, i am not at all concerned about the short term price movements we have seen the past few days.
I just got off the phone to the company- things are going swimmingly and we should hear something soon on their current drill program. Lets not forget they already have an income stream from some workover wells.
I asked about the share registry and apparently there was a desperate seller who dumped several million shares yesterday, with a few day traders following suit. Fundamentally i believe this is very cheap and look forward to an exciting qtr coming up.
NB- they are pretty cashed up too with a clear focus on where they want to go, with a market cao of less than $14 million i am happy to buy many more on weakness. this will bounce back to 2c very quickly IMO
on track
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Last
3.0¢ |
Change
-0.001(3.23%) |
Mkt cap ! $18.83M | |||
| Open | High | Low | Value | Volume |
| 3.1¢ | 3.1¢ | 3.0¢ | $8.558K | 281.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 186689 | 3.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.1¢ | 116211 | 3 |
View Market Depth
| Last trade - 15.51pm 17/07/2024 (20 minute delay) ? |
| PV1 (ASX) Chart |