A lot of emotional investors here, and I do understand the frustration... however this normal after a diabolical CR from the company. I understand they needed to raise cash to get Rangers moving but the oppies were disgusting.
However, fundamentally, nothing has changed, in fact it is better than it was at the time of the raise. We do have to be patient and continue letting the shares churn through here. We've probably only just recently got through the 300m volume since the raise. The reduction in volume has been nice to see, I do think sellers at these levels are drying up. The only issue is that at 3c, someone is making 10% profit from these levels and that's a tidy profit to get over and over again.
I would be more concerned if the selling saw us down at 2c but trading sideways around these levels is a good base for when the fundamentals change. Yes Jewell well flow rates are impressive, however with how good the management have been at ticking boxes (except CR boxes) I think something big at Rangers will be our biggest move, followed by kick starting the 3rd well without needing to raise money.
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Last
50.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $47.72M |
Open | High | Low | Value | Volume |
51.5¢ | 51.5¢ | 49.0¢ | $44.98K | 89.99K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 500 | 49.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
50.0¢ | 37144 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 500 | 0.495 |
4 | 19194 | 0.490 |
2 | 2160 | 0.485 |
2 | 13888 | 0.480 |
2 | 15526 | 0.475 |
Price($) | Vol. | No. |
---|---|---|
0.500 | 37144 | 2 |
0.510 | 1334 | 1 |
0.515 | 25218 | 2 |
0.520 | 12675 | 4 |
0.525 | 13000 | 2 |
Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
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