I got in at 24.5/25 cents in June.
Back then COE had $19 mill cash and no international acerage.
Now they have $25 mill cash and fantastic onshore Madura turf etc.
So COE is a vastly better co than when I bought, and as Jojo says, still a buy.
It was a bit of a punt when I bought in the sense that we didnt know how well/bad they would spend their cash.
But they had taken a year looking so they were obviously choosey. Fortunately they have spent well so far, with more good deals to come ?
There are no silly "options for the boys" etc.
Scott has 1.9 mill options exercisable at 55 cents.
When there is a major price sensitive ann, there is no price run up. I like that - very professional tight lipped ship.
Sooner or later COE will hit 100-200 mill barrells in Madura or elsewhere, and sp will shoot past $3.
Thats what Im looking for, and more and more will sit tight rather than trade on spikes.
At present the largest holder has 6%, soon someone will want 10% or more.
Now that continuous drilling is locked in for next year, there is every reson to sit and see what happens.
But even in the Cooper Basin, these 3 upcoming drills in Jan/Feb are what the co descibes as the best targets in the entire basin.
If one of those comes in (there are 6 exploration wells planned for the first 6 months 06), then COE has a strong future.
- Forums
- ASX - By Stock
- COE
- get on b4 its to late!
get on b4 its to late!, page-5
-
- There are more pages in this discussion • 49 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add COE (ASX) to my watchlist
|
|||||
Last
22.0¢ |
Change
-0.015(6.38%) |
Mkt cap ! $580.8M |
Open | High | Low | Value | Volume |
23.5¢ | 23.5¢ | 22.0¢ | $1.480M | 6.569M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 36904 | 22.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
23.0¢ | 302620 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 36904 | 0.220 |
7 | 198488 | 0.215 |
7 | 575582 | 0.210 |
6 | 603265 | 0.205 |
14 | 1045035 | 0.200 |
Price($) | Vol. | No. |
---|---|---|
0.230 | 302620 | 9 |
0.235 | 379037 | 10 |
0.240 | 1439021 | 22 |
0.245 | 341029 | 9 |
0.250 | 1196060 | 10 |
Last trade - 16.10pm 24/06/2024 (20 minute delay) ? |
Featured News
COE (ASX) Chart |