A bloodbath in the markets - I remember the October 1987 crash only too well and this feels horribly similar although for different reasons.
COI’s Market Cap of $63m is madness and we are left with a spinning coin with ‘problems' on one side and ‘opportunity' on the other – not knowing on which side the coin will land.
On one hand the company is in exactly the same ‘shape’ today as it was a few weeks back – with the same opportunities as we move towards production at Mahalo/Mahalo North and quantify the gas viability/value of the Galilee Sandstone Deeps – on the other – with such a low Market Cap this will throw up all sorts of problems with regard to future funding and getting a sensible objective true valuation figure should we wish to sell out early.
This must be keeping our management awake at night.
Tough times for sure.
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Last
17.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $188.3M |
Open | High | Low | Value | Volume |
17.0¢ | 17.0¢ | 16.0¢ | $303.4K | 1.835M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 528521 | 17.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
17.5¢ | 705000 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 528521 | 0.170 |
3 | 145323 | 0.160 |
2 | 174947 | 0.155 |
4 | 193951 | 0.150 |
1 | 100000 | 0.145 |
Price($) | Vol. | No. |
---|---|---|
0.175 | 705000 | 5 |
0.180 | 527122 | 4 |
0.185 | 250000 | 5 |
0.190 | 2258665 | 3 |
0.195 | 104250 | 2 |
Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
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