I am not expecting bad news, did you not read the announcement? They mention hydrocarbons (tight hole limited to what can say) and spending an extra $10m - that is not something you do if you think it will be a duster ???
AG seller capping price, this is a terrific risk reward opportunity to average down. Currently US 50m marker cap and will have US 36m cash after this drilling is complete. I have been invested in this dog for +10 years and because it’s been a dog everybody is standing back, that is the opportunity now !!!
Dreaming of oil, page-61
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Last
47.0¢ |
Change
0.015(3.30%) |
Mkt cap ! $43.43M | |||
| Open | High | Low | Value | Volume |
| 45.5¢ | 47.0¢ | 45.5¢ | $82.32K | 180.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3500 | 46.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 47.0¢ | 125569 | 6 |
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| Last trade - 15.47pm 21/06/2024 (20 minute delay) ? |
| FAR (ASX) Chart |