There's a real cash burn problem on the doorstep. Supports low so if we're drilling 8 rigs, building ida and not turning a profit I really don't see how another raise isn't in the near future. We're not really seeing buyers stacking up to pay a premium given the "recent controversy" and non existent communication from the board to anyone other than the instos.
Ontop of that, an absolute trash market's not exactly where you want to be in our shoes.
Whos buying above the 46cent offer, page-9
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Last
23.5¢ |
Change
-0.015(6.00%) |
Mkt cap ! $164.0M | |||
| Open | High | Low | Value | Volume |
| 25.0¢ | 25.5¢ | 23.0¢ | $210.9K | 881.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 470 | 24.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.0¢ | 471 | 2 |
View Market Depth
| Last trade - 15.57pm 01/08/2024 (20 minute delay) ? |
| DLI (ASX) Chart |