Nothing to add to this except that my major reservation of MMR had now been fixed. Money! This $7m raising by Advent shows they are on track to book a rig slot. There was no way a rig was going to commit to a company with no money. Equally, whoever put in the $7m would not have done so if they thought the drill wasn't going to happen. They must have received some assurances. I think there may be further announcements not too far away.
Wow, I'm even having fanciful thoughts of BUY taking out its 9c high back in May.
For accuracy BUY has 15% free carry in one well in PEL11. That is my understanding.
funding of 7mil for pep11, page-5
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Last
0.6¢ |
Change
0.001(20.0%) |
Mkt cap ! $8.991M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.6¢ | 0.5¢ | $11.20K | 2.239M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1041150 | 0.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.6¢ | 914684 | 2 |
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| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| BUY (ASX) Chart |