It doesn't matter that much SP, as long as they keep stoking the boiler like this the more the head of steam is building up. The longer it goes without being released, the more explosive the release will be when it happens.
That's now 4 highly successful development wells a out of 5, I think it's now safe to say the drilling hoodo of last year has well and truely been broken and they have resumed the growth path with a vengence.
The revised Drakea drill date is still only a weeks away, the way things are panning out it won't matter that much if it is a dud and that may not have been the case if they had drilled it on time.
The drilling program seems pretty fluid but they seem to be going for the lower risk a bird in the hand is better than 2 in the bush type approach. Who can complain when it is adding such enormous value that can be realised in a few days after discovery so quickly? What are they going to do with the embarasment of cash they are increasingly generating and already sitting on?
- Forums
- ASX - By Stock
- 5GN
- drilling update 6.1 mmcfd
drilling update 6.1 mmcfd, page-3
-
-
- There are more pages in this discussion • 10 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 5GN (ASX) to my watchlist
(20min delay)
|
|||||
Last
14.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $44.26M |
Open | High | Low | Value | Volume |
14.5¢ | 14.8¢ | 14.5¢ | $14.50K | 99.82K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 1828966 | 14.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
15.0¢ | 3419686 | 23 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 1828966 | 0.145 |
8 | 3649382 | 0.140 |
12 | 707735 | 0.135 |
2 | 500025 | 0.130 |
1 | 250000 | 0.125 |
Price($) | Vol. | No. |
---|---|---|
0.150 | 2762774 | 20 |
0.155 | 1911605 | 20 |
0.160 | 363210 | 9 |
0.165 | 211402 | 7 |
0.170 | 25000 | 1 |
Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
Featured News
5GN (ASX) Chart |