Very good post Gumpster.
Whether the SP is undervalued or overvalued is not reallt relevent at this point. Yes, its fantastic to see the SP jump as it has but if it pulls back, that no big deal. What does matter is the results from the well ie. if commercial absolutely great, if not well still good because we know we are on the right track and the smell of oil is getting stronger.
The day traders are now involved whether we like it or not. To get past them we need big news such as positive flow test or declaration of commercial find or JV announcment.
Overall I am quite content with the state of play. I am in at the right price and have a long term view that we have a company on the right track.
1479.m 1475.2m 3.8m better, page-4
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Last
5.0¢ |
Change
-0.001(1.96%) |
Mkt cap ! $37.00M | |||
| Open | High | Low | Value | Volume |
| 5.1¢ | 5.1¢ | 5.0¢ | $61.41K | 1.222M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 462354 | 5.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.5¢ | 450000 | 1 |
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| Last trade - 15.12pm 30/07/2024 (20 minute delay) ? |
| CTP (ASX) Chart |