Even at 20c our mkt cap is just $14.8mn
For an oiler with at the stage AOC is at, having shown positives all the way through the process surely a mkt cap of at least $30mn is completely justifiable.
There are only 74mn shares in existence ... look at other smaller cap oilers you will notice that many of them have 1 billion shares or more.
I would think that a mkt cap of $30mn or more is sensible for where we are so far.
That equals a little over 40c per share.
EB
mkt cap
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