Looks like this company:
1) Has $3.5m from a recent raise at 1.3c
2) Just received $16m for sales for the past 3 months
3) Owns 20% of ASX:GAS worth ~$10.2m
4) Had $2.6m from previous quarterly
5) have total liquid assets of around ~$32.3m
All for a market cap of ~$20m???
What is their production rate of oil going forward? It looks like costs are ~ US$45/bbl from previous quarterly. Are they expected to produce at current rate much longer?
What Am I missing?
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Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $8.320M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.4¢ | 0.4¢ | $2.4K | 600K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 28 | 26974731 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 8294957 | 16 |
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| Last trade - 10.38am 06/09/2024 (20 minute delay) ? |
| TEG (ASX) Chart |