Hi Taipanoblehouse,
I think you're spot on. Basically they probably didn't get the price they wanted for CRUX sell-down, but the company has made it fairly clear in recent announcements that they see value for shareholders for drilling Auriga (low risk high pay off) and then being in a much better position to realise the value of the stake.
I think it's reasonable as the cost to us isn't going to be too demanding. I think short term 2 things:
1. sort out this litigation with transocean; and
2. sell down part of longtom.
Those two should get us back in double digit cents. A decent result on Crux next year should get the price back to 20's (based on a good result). We've also got further Longtom infill on the way.
A Robert
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Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
---|---|---|
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Price($) | Vol. | No. |
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25.0¢ | 3501 | 2 |
View Market Depth
No. | Vol. | Price($) |
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1 | 36776 | 0.240 |
1 | 149869 | 0.230 |
1 | 2371 | 0.225 |
1 | 75904 | 0.220 |
1 | 6500 | 0.215 |
Price($) | Vol. | No. |
---|---|---|
0.250 | 3501 | 2 |
0.260 | 16371 | 2 |
0.270 | 20000 | 1 |
0.275 | 12350 | 1 |
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