yes, we know the two biggest issues for COE and the Insto investors are BMG abandonment, and increasing Orbost's prodn to nameplate.
I think the first of those to be resolved will be BMG. If it is completed within budget, and in a reasonable timeframe, that will be a big positive.
If they can then get Orbost to produce consistently at say 60tjd, and I mean consistently, then that will mean a big boost to revenue and cashflow.
Once those two issues are seen by the market as resolved, then if COE's SP remains in the teens, then I bet my house that COE will cease to be an independent O&G producer, as it will get swallowed-up by another O&G company.
No guesses as to which O&G company that might be.
The mkt will not sit back and watch COE generate serious cashflow at these share prices.
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Last
18.0¢ |
Change
-0.005(2.70%) |
Mkt cap ! $475.2M |
Open | High | Low | Value | Volume |
18.8¢ | 18.8¢ | 18.0¢ | $628.7K | 3.435M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
10 | 515441 | 18.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
18.5¢ | 148000 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 32651 | 0.185 |
12 | 659132 | 0.180 |
8 | 1102481 | 0.175 |
7 | 701557 | 0.170 |
6 | 402569 | 0.165 |
Price($) | Vol. | No. |
---|---|---|
0.165 | 3078 | 2 |
0.170 | 32000 | 1 |
0.185 | 105200 | 3 |
0.190 | 479254 | 5 |
0.195 | 586010 | 4 |
Last trade - 16.10pm 26/09/2024 (20 minute delay) ? |
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