Yes that is one of the negatives but having a rights issue for all holders after the consolidation would be great to average down and build some capital and show the market some direction from mgmt. with S/Hs not just placement to mates....
Also I don't think getting to 40-45c will be that hard once the Cashflow start flowing and the outlook of $20-$40mill in returns just off Yarrow should we see the SP towards $2-$4 (If we had only 16-20mill shares on issue etc)
(The recoverable gas from Yarrow is estimated to be valued roughly £112m (A$200m) at prevailing natural gas prices in the region. $ROG free carry for 20%)
I really don't get the love affair with sub cent or sub cent SP's we have on the ASX
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Last
0.6¢ |
Change
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Mkt cap ! $32.53M |
Open | High | Low | Value | Volume |
0.5¢ | 0.6¢ | 0.5¢ | $176.8K | 30.66M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
36 | 97579214 | 0.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.6¢ | 85485404 | 44 |
View Market Depth
No. | Vol. | Price($) |
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36 | 97579214 | 0.005 |
57 | 48932956 | 0.004 |
26 | 58862257 | 0.003 |
14 | 56042547 | 0.002 |
12 | 76350999 | 0.001 |
Price($) | Vol. | No. |
---|---|---|
0.006 | 84863029 | 43 |
0.007 | 29194353 | 43 |
0.008 | 32061745 | 27 |
0.009 | 21003659 | 15 |
0.010 | 16660813 | 24 |
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