Unfortunately raising capital in this market is the equivalent of being in a lion's cage - expect to be mauled. If you are lucky, you may survive.
I know this capital raising may be the start of an ongoing dilution in shareholders equity for some time, but for a few cents I see the stock as worth a punt. I am under no illusion that the current decline in the stock may turn out to be terminal (like you Jef based on previous experience + gut feeling), but if I assume I am going to lose everything and keep the stake low, there would appear to be some upside worth chasing based at a 2-3 cent entry level.
I look at a company like NXS though with a much stronger asset base and see how they are struggling. I can't see any value above 2-3c max for the time being in this stock.
- Forums
- ASX - By Stock
- OEL
- good buy at 2-3c?
good buy at 2-3c? , page-18
-
-
- There are more pages in this discussion • 40 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 OEL (ASX) to my watchlist
|
|||||
Last
1.2¢ |
Change
-0.001(7.69%) |
Mkt cap ! $57.54M |
Open | High | Low | Value | Volume |
1.2¢ | 1.2¢ | 1.2¢ | $54.59K | 4.549M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 4375518 | 1.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.3¢ | 14666555 | 21 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 4375518 | 0.012 |
11 | 5620476 | 0.011 |
1 | 2000000 | 0.010 |
1 | 100000 | 0.009 |
2 | 245123 | 0.008 |
Price($) | Vol. | No. |
---|---|---|
0.013 | 14666555 | 21 |
0.014 | 6099735 | 12 |
0.015 | 6381000 | 14 |
0.016 | 1200004 | 2 |
0.017 | 72000 | 1 |
Last trade - 10.08am 10/07/2024 (20 minute delay) ? |
Featured News
OEL (ASX) Chart |
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO
Charles Armstrong
CEO
SPONSORED BY The Market Online