"A scaled down exploitation programme, funded by cash, with 1 or 2 wells to be drilled in 2021 and deferring the
other 2-3 wells until 2022/ 2023
• A higher level of exploration with 2-3 wells funded by cash and a small capital raising
• Proceed wit the full exploration programme as planned funded by cash, increase in debt and a larger capital
raising".
May be the market is factoring in the above scenario, (capital raising), if no farm out is successful.
"Base-Case Valuation of A$0.27 – Further Upside from Farm-Out and Exploration"
I would have thought management would be loading up,lol.
MST Access Broker Coverage from 25Mar2021, page-2
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Last
5.3¢ |
Change
-0.002(3.64%) |
Mkt cap ! $39.49M | |||
| Open | High | Low | Value | Volume |
| 5.5¢ | 5.5¢ | 5.3¢ | $83.26K | 1.516M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 234750 | 5.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.5¢ | 340510 | 1 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| CTP (ASX) Chart |