This current quarter was just a touch and go as they had to pay $4.8m expenses related to GC21. Not sure how much money they had to deposit in trust account for Alaska drilling (the official sale has not been approved as yet). These expenses would have stretched their balance sheet to almost get into loan breaches. After this quarter there should be more breathing space as no more drilling and Alaska sale get consumed officially. From July onwards the share price will start to get traction and move upwards (this is what MU implied in his reply which someone posted here). If there are no more dramas the shareprice should be more than 2 cents by September of this year.
Ann: H1 FY21 Results and Half Year Report, page-26
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Last
1.2¢ |
Change
-0.001(7.69%) |
Mkt cap ! $57.54M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.2¢ | 1.2¢ | $27.33K | 2.278M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 10310048 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 14475514 | 20 |
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| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| OEL (ASX) Chart |