Looks like some M&A is a possibility. If that happens then it will almost certainly narrow the gap between NTA and the current share price. Despite all the doom & gloom, a $16M market cap looks extremely undervalued. The 5-10 year outlook is very good because O&G capex will have to catch up after a prolonged slump. The cycle will turn.
Ann: Operational and Strategic Update, page-2
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Last
33.5¢ |
Change
-0.005(1.47%) |
Mkt cap ! $74.97M | |||
| Open | High | Low | Value | Volume |
| 34.0¢ | 34.0¢ | 33.5¢ | $19.85K | 58.45K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 34477 | 33.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 34.0¢ | 50000 | 1 |
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| Last trade - 15.46pm 15/10/2024 (20 minute delay) ? |
| MCE (ASX) Chart |