this looks cheap...

  1. 15,276 Posts.
    lightbulb Created with Sketch. 46
    Market clearly got this one wrong...

    Still is getting it wrong in my view at just 36cps.

    Existing production (modest)...recent discovery (reasonable)...just picked up 27.5m MAE shares (currently $2.16 each)...and still plenty of other assets.

    Right sector, righ time...and just 58m shares on issue.

    What have I missed?

    Current price does not even reflect their new MAE position, which equates to some 55cps?

    Doesn't see a lot of volume, so looks to me like profit taking while the volume is there...afterall, it is up some 42% today.

    Somnething tells me the current selling will be short-lived.

    Back in my hole.

    Cheers!
 
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(20min delay)
Last
2.7¢
Change
-0.001(3.57%)
Mkt cap ! $29.81M
Open High Low Value Volume
2.7¢ 2.7¢ 2.7¢ $22.71K 841.2K

Buyers (Bids)

No. Vol. Price($)
2 268450 2.7¢
 

Sellers (Offers)

Price($) Vol. No.
2.8¢ 208284 3
View Market Depth
Last trade - 10.35am 12/08/2025 (20 minute delay) ?
ODY (ASX) Chart
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