The market appears to be valuing ARQ's Canning Basin leases/prspects/Blina production etc. at zero.
There appears to be an assumption that the Canning Basin is a black hole that will devour ARQ's cash.
This is an absolute nonsense.
For starters, ARQ will substantially increase production at Blina and get a handy cash flow.
The Canning Basin is elephant territory, with massive prospects.
All one has to do is a little research via google.
energy stocks to power ahead, page-5
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Last
15.3¢ |
Change
0.003(1.67%) |
Mkt cap ! $51.21M | |||
| Open | High | Low | Value | Volume |
| 15.5¢ | 15.5¢ | 15.0¢ | $9.799K | 63.54K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 7611224 | 15.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.5¢ | 1722140 | 17 |
View Market Depth
| Last trade - 14.57pm 08/07/2024 (20 minute delay) ? |
| 5GN (ASX) Chart |