The short-term money has exited maybe with a fewmore players to go – those invested in the company’s future remain.
Nothing’s changed – we remain strategically wellplaced to take advantage of the shortage of gas in a high demand market.
Galilee Deeps is moving forward – above the Deepshas not been touched or indeed farmed into so a story there is yet to unfold –Mahalo as we know has sizeable gas reserves with addition upgrades awaited but notyet released.
Short-term punters throwing money into anycompany creates nothing other than share price fluctuations as they enter/exit– just the way the markets work.
A 4% rise in the price today on a trading volumeof a small fraction of the shares that even I hold –just demonstrates how quickly the price will move when those on the sidelines decideto get involved and take a position.
No chance of a suitor bagging any sensible amountof shares ‘on market’ without driving up the price exponentially unless they areable to take a position during a capital raise.
Whilst irritating that the share price currentlysits where it does as it bears no reflection on our net asset worth – it makesnot a scrap of difference to those of us who are in this for the long haulawaiting either a T/O or eventual production other than an opportunity to bagsome more shares.
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Last
19.0¢ |
Change
0.005(2.70%) |
Mkt cap ! $210.4M |
Open | High | Low | Value | Volume |
19.0¢ | 19.0¢ | 19.0¢ | $48.17K | 253.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 367524 | 18.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
19.0¢ | 216400 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 367524 | 0.185 |
3 | 472000 | 0.180 |
1 | 250000 | 0.175 |
3 | 255880 | 0.170 |
2 | 126200 | 0.165 |
Price($) | Vol. | No. |
---|---|---|
0.190 | 216400 | 3 |
0.195 | 401552 | 5 |
0.200 | 982623 | 11 |
0.205 | 444256 | 6 |
0.210 | 154560 | 5 |
Last trade - 10.43am 02/07/2024 (20 minute delay) ? |
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COI (ASX) Chart |