Not sure about your theory that "many" would chose to exit at 5c based simply on your assumption that it hasnt traded above 7c in 5 years. My reasoning is this:
5 years ago they were a rank exploration company with limited funding and plenty of "Hail Mary's".
Today, notwithstanding a 300% increase in issued capital, at a bare minimum, they are fully funded for 20% of a billion dollar project with known gas, with a secondary and tertiary phase sitting in the wings. Additionally, they are applying for a number of new licenses, which, if successful, will clearly add to their inventory. Withing the next 12-15 months they will have drilled 3 production holes, which should generate $15 mill AUD in revenue.
Furthermore, IF they are successful in sourcing the balance of the funding in the next 12 months they will retain 40% and therefore double those revenue numbers.
In a nutshell, at 5c and with an corresponding EV of approx $110 mill AUD, the market will consider that as far too cheap.
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Last
0.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $19.66M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 178608 | 0.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.7¢ | 178609 | 1 |
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| Last trade - 09.37am 14/07/2025 (20 minute delay) ? |
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