Happy to keep buying at his level.
Drill rig demand should remain strong.
In this high inflation environment strong commodity prices are supported.
Heard back from CFO that gave me comfort company tracking well.
Cashflow effected by mobilization and demobilization costs and inventory up.
2 of the 9 rigs have arrived and they will continue to arrive for the remainder of the financial year.
Capital raising presentation has shown 30/6/22 debt should increase to $36M. If we have $10M cash then our Enterprise value will be $120M and our EBITDA run rate then should be $50-$60M p.a.
If all goes to plan our share price should rerate strongly some time in the next 12 months.
Ann: Quarterly Investor Update, page-10
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Last
43.0¢ |
Change
-0.010(2.27%) |
Mkt cap ! $91.98M | |||
| Open | High | Low | Value | Volume |
| 44.0¢ | 44.0¢ | 42.5¢ | $180.6K | 413.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2493 | 43.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 45.0¢ | 40000 | 1 |
View Market Depth
| Last trade - 15.34pm 09/07/2024 (20 minute delay) ? |
| MSV (ASX) Chart |