Its not a lot of money they have to find to drill Kito and get their current debt in order if u discount the OEL claim.
I think at worse they will get that money...and if Kitos a duster then possibly back into Administration after that .
Surely all the large shareholders including some directors that have a substantial investment arent going to let that happen. If Kito comes in the shows on the road again. This wells chance of success seems to be rated as zero by many but not by the farm in partners who are big players. I can remember how excited OELs previous CEO Gregor McNab was about the Tanz prospects that u got the impression he wanted to drop the Philippines quickly and go gungho on East Africa?
Ann: Farm Down of Upcoming Tanzania Drilling-OEL.AX, page-50
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Last
1.2¢ |
Change
-0.001(7.69%) |
Mkt cap ! $57.54M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.2¢ | 1.2¢ | $27.33K | 2.278M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 10310048 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 14475514 | 20 |
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| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| OEL (ASX) Chart |