No mate. I believe that, that will be over time.
We are in for more dilution. There is no doubt about it.
But if the % of reserves keep ahead of this (Last one a 210% increase) Then, as much as I don't like it, I could learn to live with it.
Personally, I'd like to see them put all the resources in PEL 479/457, but I can understand that ATP 946 represents growth after the PEL's.
This is why I wanted to comparison the 3. (Please check I have this right, as I ran out of fingers)
ROG has a market Cap 1740% smaller then BOW. Yet is has a 2P reserve only 670% smaller than BOW and has a 3P 677% smaller than BOW.
I know this probably isn't the best way to work this out, and would love some input. But It does seem that something is either under, or over valued.
cap raising, page-23
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Last
0.6¢ |
Change
0.001(20.0%) |
Mkt cap ! $32.53M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.6¢ | 0.5¢ | $2.591K | 515.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 39 | 74230019 | 0.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.6¢ | 91565992 | 34 |
View Market Depth
| Last trade - 16.10pm 09/09/2024 (20 minute delay) ? |
| ROG (ASX) Chart |