On what are we basing this? Not like it was a public offering. I expected the SPP to drag down the buy list of existing holders and maybe give it a temporary dip into .01 but after SPP subscription fills it should stabilise and it so far appears to have done that. Then, I can think of no SPP related reason for it to hit .01 again as anyone cashing out will likely do so at a minimum of .011-.012. Would take some bad news or a lack of good to get that low again.
Still believe this share is undervalued (compared with historically) for the prospects that are on the table and recent announcements, even if truly good news is (potentially) a few months off.
Oil shows at Icewine-1 December 4th, 2015 by finfeed, page-9
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Last
0.3¢ |
Change
0.001(50.0%) |
Mkt cap ! $86.67M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.3¢ | 0.2¢ | $15.57K | 7.228M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 101 | 156421343 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 573323665 | 175 |
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| Last trade - 16.10pm 10/07/2024 (20 minute delay) ? |
| 88E (ASX) Chart |