I don't think there would too much downside at current levels.
Kingia has around a 35% chance of success, not too bad i guess. If Kingia proves to be unsuccessful, ARQ still have quite a busy drilling schudule after that, which should provide upside also.
I'm sure there maybe the people that jump ship if Kingia isn't providing the numbers people are expecting, so some short term movement down is quite possible, but i think the upside from Kingia is worth putting my money on them.
downside risk??, page-2
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Last
14.5¢ |
Change
-0.003(1.69%) |
Mkt cap ! $44.26M | |||
| Open | High | Low | Value | Volume |
| 14.8¢ | 15.0¢ | 14.5¢ | $162.7K | 1.122M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 1475213 | 14.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.0¢ | 1624284 | 29 |
View Market Depth
| Last trade - 15.52pm 08/10/2024 (20 minute delay) ? |
| 5GN (ASX) Chart |