Carabea,
We have opinions - the auditor has concerns...
It is unbelievable that Otto have booked a foreign exchange gain on the goodwill for GPC ($13.9 million) and booked a foreign exchange gain on their oil and gas properties ($12.9 million) when oil has come off by $100/bbl and GPC is basically broke.
I expect ASIC and the ASX will look closely at these accounts.
Today was the last day that OEL will trade at a higher share price than NDO in my opinion.
It will be a buying op for the true believers tomorrow... but I suspect many will view it as a chance to get out
p1000
going concern - or not, page-3
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Last
1.2¢ |
Change
-0.001(7.69%) |
Mkt cap ! $57.54M | |||
| Open | High | Low | Value | Volume |
| 1.3¢ | 1.3¢ | 1.2¢ | $5.14K | 396.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 11021622 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 17888761 | 14 |
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| Last trade - 15.30pm 01/10/2024 (20 minute delay) ? |
| OEL (ASX) Chart |