i think that assessment is completely wrong. you should read all the 'analysis' of the Gambia assets as for the benefit of buyers (recall these assets are up for sale/farm out). they made it v clear new shareholder capital will not go into drilling.
they also made it clear the alternative to any M&A/new business will be buybacks or capital return. obviously i think finding any M&A deal superior to accretive capital return, in the current environment, will be v difficult.
they also specifically mentioned monetisation of the earnout for the first time; have a caretake CFO; and are continuing to cut costs.
i think this is still basically a quasi-liquidation and a year from today most all the capital will have been returned, hopefully accretively. i bought more today.
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Last
49.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $45.74M |
Open | High | Low | Value | Volume |
48.5¢ | 49.5¢ | 48.5¢ | $100.7K | 203.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 89898 | 49.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
50.0¢ | 2239 | 1 |
View Market Depth
No. | Vol. | Price($) |
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1 | 89898 | 0.495 |
2 | 29755 | 0.485 |
4 | 89930 | 0.480 |
2 | 70000 | 0.475 |
2 | 78150 | 0.470 |
Price($) | Vol. | No. |
---|---|---|
0.500 | 2239 | 1 |
0.505 | 10000 | 1 |
0.510 | 129688 | 3 |
0.520 | 79910 | 2 |
0.525 | 30000 | 1 |
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