All very quiet here today. I thought that was a really good outcome. Nice and quick placement, removing all financial risk as I see it. Good to see some guidance around future use of cashflow too. There is always a trade off between organic growth and distribution of capital; but it is nice to see that the company isn't going to be ';drill at all costs' going forward.
Looking very healthy at the moment - a potential company maker in Cervantes, but a solid, solid cash spinner in the Cooper regardless of the Cervantes outcome. Will be interesting to see what transpires in relation to 'new business initiatives' as stated in the 'share placement' release. Plenty to go one with in the Cooper; but interesting that they've specifically mentioned the Cooper and Perth basins.
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Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.674M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 16630498 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 10381720 | 9 |
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| Last trade - 16.21pm 25/07/2025 (20 minute delay) ? |
| MEL (ASX) Chart |
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