Put all emotions to one side and how much do you think a company that finds itself in the following position is worth:
1. No proven commercial discovery - to do that will cost 100s millions still from here
2. 100KM off sure, 1KM deep water, 4KM deep drill - operational expenses will be huge
3. Burn rate of 40M per quarter - over 3M per week
4. MC is insane to where the company is current at the maturity curve
5. Way too many shares on issue - over 3 billion shares before any further CRs or exercising of options both listed and unlisted
6. CR required for April next year on current burn rate
That is not bashing, that is presenting the facts!
How much denial are the pumpers in here?
Please argue the facts and not the messenger.
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Last
51.0¢ |
Change
0.015(3.03%) |
Mkt cap ! $47.12M |
Open | High | Low | Value | Volume |
50.0¢ | 51.0¢ | 50.0¢ | $51.68K | 102.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 75177 | 50.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
51.0¢ | 187769 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 75177 | 0.505 |
1 | 62764 | 0.500 |
4 | 219438 | 0.495 |
1 | 99999 | 0.490 |
2 | 104597 | 0.485 |
Price($) | Vol. | No. |
---|---|---|
0.510 | 187769 | 3 |
0.515 | 103300 | 2 |
0.520 | 335203 | 4 |
0.525 | 100000 | 1 |
0.530 | 20000 | 1 |
Last trade - 15.45pm 30/08/2024 (20 minute delay) ? |
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