I am not expecting bad news, did you not read the announcement? They mention hydrocarbons (tight hole limited to what can say) and spending an extra $10m - that is not something you do if you think it will be a duster ???
AG seller capping price, this is a terrific risk reward opportunity to average down. Currently US 50m marker cap and will have US 36m cash after this drilling is complete. I have been invested in this dog for +10 years and because it’s been a dog everybody is standing back, that is the opportunity now !!!
Dreaming of oil, page-61
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Last
46.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $42.50M | |||
| Open | High | Low | Value | Volume |
| 46.5¢ | 46.5¢ | 46.0¢ | $129.6K | 281.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 90053 | 45.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 46.0¢ | 58683 | 1 |
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| Last trade - 11.56am 20/06/2024 (20 minute delay) ? |
| FAR (ASX) Chart |