Gotta, I know one of those people was just a desperate long-term holder grasping at straws to average down on his massive current paper losses, hoping something will come of it in the end, if only to reach 3 cents to break even and slowly back away having learned his lessons about investing in micro-small companies.
I was looking again at their latest releases, and do understand why they pulled out of Jany based on $20 oil barrel prices. Talk about the worst possible perfect storm to decimate a stock's hopes. Now is the question of what they will do with the ~$2MM : Option 1, they haven't released the GAS pressure results and haven't ruled out going back into Siciny for the 21 square meters of conventional gas at the shallower Rotliegendes depth; Option 2, going after a new Rotliegendes Gas well at Rawicz North, but how much additional CR would they need on top of their $2MM to pull that off and could they get a CR in this economy (plus Option 2b of perhaps conning JKA shareholders to pony up the funds); Option 3, sitting on their cash until Q3-ish when they get word they have won some of the 7 bids in South North Sea and wait for the Oil prices and economy to get better and launch a CR to go back into those existing wells and pump out what the previous owners left behind; or Option 4 <someone-insert-something-viable-here-to-give-me-hope> ?
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Last
0.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $18.25M |
Open | High | Low | Value | Volume |
0.6¢ | 0.7¢ | 0.6¢ | $4.498K | 735.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
26 | 13612177 | 0.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.7¢ | 6393038 | 10 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
26 | 13612177 | 0.006 |
21 | 8810780 | 0.005 |
9 | 4820833 | 0.004 |
2 | 3600000 | 0.003 |
2 | 3750000 | 0.002 |
Price($) | Vol. | No. |
---|---|---|
0.007 | 6393038 | 10 |
0.008 | 2050843 | 7 |
0.009 | 3600000 | 6 |
0.010 | 2300000 | 6 |
0.011 | 1020777 | 2 |
Last trade - 13.53pm 25/07/2024 (20 minute delay) ? |
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