Sorry JudyD but you are missing the value of the share/company. Cap value is $5.8M for this number of shares. I have BUL which is not drilling, has no wells operating and no cashflow but has a cap of $27M. There are similar examples of dormant oilers/gas companies.
On that basis I would think ROG, with a working well that looks about to generate cash flow, should be at least $50M cap.
That would give a share price 10 times what it is at the moment, i.e. >$0.010
I am hoping that is what the market is starting to wake up to but then the market is a strange beast.
Good luck to all
Bardot
Ann: Production underway at Gold Nugget-ROG.AX, page-15
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Last
0.6¢ |
Change
-0.001(14.3%) |
Mkt cap ! $32.53M | |||
| Open | High | Low | Value | Volume |
| 0.7¢ | 0.7¢ | 0.6¢ | $65.15K | 9.383M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 51 | 19926764 | 0.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.7¢ | 27630935 | 49 |
View Market Depth
| Last trade - 15.59pm 01/10/2024 (20 minute delay) ? |
| ROG (ASX) Chart |