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Sounds a smart strategy. Excellent.
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My estimation is simple. Old $6.88/Share is new $4.05(after new share issue of 1: 1.7 dilution).
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So in medium term crossing $4.00 is very low chance, exceptionally low, exceptionally low chance. So sooner or later a $3.30 to $3.70 or $3.15 to $3.60 or $3.30 to $3.70 trading range will emerge.
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Santos Target Price, page-10
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 (20min delay)
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Last
$7.74 |
Change
0.090(1.18%) |
Mkt cap ! $25.13B | |||
| Open | High | Low | Value | Volume |
| $7.74 | $7.80 | $7.71 | $70.72M | 9.111M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 20574 | $7.74 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.76 | 30000 | 1 |
View Market Depth
| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| STO (ASX) Chart |