Redmax,
sorry - jumped to conclusions.
The share has been pausing - don't know why but take some comfort from the buying by the Canadian fund manager.
To me, the FX is working in our favour and that is because the weak USD must be supporting a strong oil price and providing us with the cash that we need for the huge investment.
Profitability, in my view, can't be judged at this time because their drilling has a different commercial objective: securing the leases. The company has said that it expects drilling costs to reduce: that could be because of efficiencies but would certainly be the case if more laterals can be serviced by the same vertical and facilities. But that will be in at least 12 months' time.
Ann: Change in substantial holding , page-14
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Last
82.0¢ |
Change
-0.010(1.20%) |
Mkt cap ! $394.1M | |||
| Open | High | Low | Value | Volume |
| 82.0¢ | 82.5¢ | 79.5¢ | $736.6K | 912.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 7495 | 80.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 82.0¢ | 4401 | 1 |
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| Last trade - 16.10pm 15/07/2024 (20 minute delay) ? |
| FFM (ASX) Chart |