It's interesting to note that Arc has only recovered about in line with it's peers, up ~3% in the last 10 days. I doubt that they are drilling such high impact wells which means there is really not much fat in the share price. It should lead to a blow out in the price if they discover anything worthwhile but also might prevent a significant slide on a negative result.
Given that the first well is evaluating a previous strike you would think the odds are in our favour.
I had to sell a few this morning to cover taking a real loss on my shorts (ouch!), I can't believe the crisis is over, the fed lending to big boys at 4% to prevent them taking a loss on untradable securities is not going to fool anyone for long. The only move they have left is to lower the actual fed rate then down goes the $USD and imports from the rest of the world with it. Cars sales are already well down and mortgage defaults have increased 93%, hardly the stuff share market booms are made of IMO, then again looking at today, I could be wrong!
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Last
15.0¢ |
Change
-0.005(3.23%) |
Mkt cap ! $46.88M |
Open | High | Low | Value | Volume |
15.0¢ | 15.0¢ | 14.5¢ | $6.715K | 45.07K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 827895 | 14.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
15.0¢ | 260602 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 827895 | 0.145 |
3 | 403600 | 0.140 |
2 | 507407 | 0.135 |
2 | 506000 | 0.130 |
2 | 258007 | 0.125 |
Price($) | Vol. | No. |
---|---|---|
0.150 | 260602 | 8 |
0.155 | 1874571 | 26 |
0.160 | 243493 | 10 |
0.165 | 471873 | 8 |
0.170 | 116494 | 3 |
Last trade - 15.54pm 14/08/2024 (20 minute delay) ? |
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5GN (ASX) Chart |