Just a reminder that NWE's 20% stake was bought for circa 500m$ AU @ 7.4c , which already values an undevelopped field at 2.5bn$ AU.
Expecting 10-20 times that would value that discovery at 25-50bn$ AU before any financing risks, execution risks, subsequent exploration risks etc.
While the drop in SP is probably annoying, maybe expecting that sort of growth, in a market very unfriendly to explorers trying to transition to developpers, wasn't very reasonable either ?
NWE Refugees, page-503
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Last
$47.25 |
Change
-1.860(3.79%) |
Mkt cap ! $9.285B | |||
| Open | High | Low | Value | Volume |
| $49.80 | $49.83 | $46.80 | $71.83M | 1.491M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 500 | $47.17 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $47.25 | 20491 | 1 |
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| Last trade - 16.10pm 17/10/2024 (20 minute delay) ? |
| MIN (ASX) Chart |