Just an overlooked stock at present david - if oil is hit then serious price appreciation will occur regardless of whether an analyst tipped it or not! Sure short term the recommendation brought in the buyers but you can assume upon success many more will enter.
If your so adamant on failure, why not provide a few technical and fundamental based reasons why this will fail - instead of just making weak comments.
Technically I see 3 relatively solid support levels above your 8c (more like your 2c if you ask me).
Fundamentally - $80 mill at hand, around $11-13 mill in the bank, partners secured, rig secured, roads/access constructed, seismic done in high quaility, high calibre staff with extensive experience in the industry and a good spread of risk/play types.
Now.... whats your basis for failure? And dont give me the "I heard from a friend" like I noticed you do in other threads.
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Last
5.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $38.48M |
Open | High | Low | Value | Volume |
5.4¢ | 5.4¢ | 5.2¢ | $20.01K | 377.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 394141 | 5.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.3¢ | 65000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 394141 | 0.052 |
3 | 547516 | 0.051 |
1 | 400000 | 0.050 |
3 | 495000 | 0.049 |
1 | 150000 | 0.042 |
Price($) | Vol. | No. |
---|---|---|
0.053 | 65000 | 1 |
0.054 | 100000 | 1 |
0.055 | 60757 | 1 |
0.056 | 112500 | 2 |
0.058 | 220000 | 2 |
Last trade - 12.47pm 04/10/2024 (20 minute delay) ? |
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CTP (ASX) Chart |