I think Trading halt is due to Trans-Asia exercising their additional 5% option in SC55. This will bring down Otto interest to 27.18% (1% royalty to RGA on Otto shares).
I hope it is not any negative news from BHP and they stay united as a team to drill Cinco and Hawkeye targets. SC55 is the company maker for Otto and any slip in that, we will not see any downside in SP but will not see upside for a long time.
IMO, current SP is purely based on Galoc updates and SC55 is not considered by Market as of now.
Ann: Trading Halt , page-4
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Last
1.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $52.74M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.2¢ | 1.1¢ | $19.49K | 1.708M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 12087762 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 1134045 | 2 |
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| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| OEL (ASX) Chart |