This should be at a significantly higher price at the moment with where everything sits:
Known Resource
Drill stage
Experienced Drill supervisor
Experience from Jesse 1a
Offtake agreement
Nearby Pipeline
Nearby Unutilised Processing Plant
Permit for third well
Short time to significant monetisation
Unfortunately due to the market not wishing to take any risk and the capital raise we are where we are, as utterly ridiculous as it is.
Surely a company with a market cap of around $40 million with the potential to make 10 times that in 1 year in the near term has to be rerated but logic has gone out of the market currently.
An improving market and a successful well with more wells to follow then this has to be at least 50 cents by the end of this calendar year.
GLTAH
DYOR
Ann: Jesse-2 Successfully Reaches Primary Target, page-40
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Last
0.4¢ |
Change
0.001(33.3%) |
Mkt cap ! $9.801M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.4¢ | 0.3¢ | $2.613K | 853.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 381768 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 7929610 | 15 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| GGE (ASX) Chart |