The way I see things are as follows.
1. Issue of permits and regulations has taken way too long.
2. When issue finally happens there may be a cap raising unless farminee
pays a sizeable upfront contribution towards back costs , or whatever.
3. There should be a mild uptick in the share price when permits are issued and again
when a farm-out is announced, but if there is a cap raising to sophisticated investors,
this will put a damper on the share price as the SI's slowly bail out with their
15% to 20% gain. Any big rise in the share price will only happen when we
eventually drill and get positive results, assuming other explorers haven't beaten us to the market.
I suspect the eventual gas sales contract could take a long time and the process might be a bit like
world cup soccer, but that's Africa.
Unfortunately this is not a bullish outlook , and I am locked in at more than twice the current
price. No point in selling now , so will hang in and hope for the best.
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Last
5.1¢ |
Change
0.003(6.25%) |
Mkt cap ! $71.59M |
Open | High | Low | Value | Volume |
4.8¢ | 5.3¢ | 4.8¢ | $268.7K | 5.256M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 93359 | 5.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.2¢ | 267704 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 93359 | 0.051 |
1 | 896122 | 0.050 |
2 | 362189 | 0.049 |
2 | 376603 | 0.048 |
5 | 750441 | 0.047 |
Price($) | Vol. | No. |
---|---|---|
0.052 | 267704 | 1 |
0.053 | 188679 | 1 |
0.054 | 300000 | 1 |
0.055 | 430000 | 4 |
0.056 | 230000 | 1 |
Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
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CEL (ASX) Chart |