Acamar,
Maybe just finally caught in market sentiment?
Maybe also a number of small company specif things added together:
*PPP investment sliding
*PRC investment also
*Tui production likely to be down up to 10% on plan for the year (I prefer to see that as deferal until better prices later, lol)
*Albacore failure
*Tui and Hoki drilling appear to slip
*poo slipping (not company specific, but does impact real earnings)
*no potential excitement from Romania
I did a quick sum of the parts, and imho if you exclude exploration, you really need to assign 50 cps to Kupe to justify the current sp, 25% more than the sunk capex. I am not sure the market is ready to do that, and it is not ready to value NZOG as an exploration company.
Just my thoughts as an also despondent holder.
EL
Ann: Quarterly Activities Report , page-4
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Last
38.0¢ |
Change
0.020(5.56%) |
Mkt cap ! $85.10M | |||
| Open | High | Low | Value | Volume |
| 37.5¢ | 38.5¢ | 37.0¢ | $4.86K | 13.05K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 17109 | 37.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 38.0¢ | 5806 | 1 |
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| Last trade - 14.41pm 10/09/2024 (20 minute delay) ? |
| ECH (ASX) Chart |